Document ID: chunk:federal_register_of_legislation:F2021L00666:body:0:p3
Version: federal_register_of_legislation:F2021L00666
Segment Type: other
Provision Reference: 
Character Range: 5331–8392

Church for the Diocese of Maitland-Newcastle)
       * Diocese of Parramatta – Diocesan Development Fund

       * Diocese of Rockhampton – Diocesan Development Fund

       * Diocese of Sale – Catholic Development Fund

       * Diocese of Sandhurst – Diocesan Development Fund

       * Diocese of Toowoomba – Diocesan Development Fund

       * Diocese of Townsville – Diocesan Development Fund

       * Diocese of Wagga Wagga – Diocesan Provident Fund (or The Trustees of the Roman Catholic Church for the Diocese of Wagga Wagga)
       * Diocese of Wollongong – Catholic Development Fund

       * EFKS Financial and Investment Services

       * National Spiritual Assembly of the Baha'is of Australia Incorporated – Baha'i Investment Fund
       * Riverina Anglican Development Fund

       * Stewards' Foundation of Christian Brethren

       * Temple Society Australia
       * The Baptist Union of Queensland

       * The Churches of Christ Property Trust

       * The Corporate Trustees of the Diocese of Grafton – Grafton Diocese Investment Fund

       * The Uniting Church Investment Service

       * UCA Funds (incorporating UCA Cash Management Fund Limited, UCA Growth Fund Limited, UCA Funds Management Limited, the Development Fund, The Uniting Church in Australia Property Trust (Victoria) and the Funeral Fund)
       * Uniting Church in Australia Synod of Western Australia Uniting Church Investment Fund
       * Uniting Church SA Investment Fund Ltd

       * Uniting Financial Services (incorporating The Uniting Church (NSW) Trust Association Limited, The Uniting Church in Australia Property Trust (NSW), the Funeral Fund and the Self– Help Fund)
       * Wangaratta Anglican Development Fund

Definitions

 In this Schedule:
 controlling entity means a person or body corporate who or which is a trustee of, or otherwise concerned in the management of, a fund.

Schedule of conditions

   1. The Fund must be and continue to be:
      (a)          recognised at law as being formed for religious and charitable purposes stated in a trust deed, ordinance or other foundation document governing the Fund (Fund constitution);
      (b)          limited to the purposes stated in the Fund constitution; and
      (c)           operated not-for-profit.

   2.      The Fund's retail products must have the sole or dominant intention of furthering the religious and charitable purposes of the Fund.

   3.      A copy of the Fund constitution setting out the Fund's religious and charitable purposes must be available for inspection on request by APRA.

   4.      Where a Fund offers, issues or sells a retail product to a retail investor:
      (a)          the retail product must have a minimum term or call period of 31 days; and
      (b)          subject to Condition 6, the retail investor must not be able to redeem any funds for 31 days from the date they are invested in the retail product.

   5.      When money held in a retail product that is issued or sold by a Fund to a retail investor reaches its 31 day maturity,