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About Us

The Diocesan Development Fund (DDF) was established by the late Bishop Noel Daly in July 1980 and supports the work of the Catholic Church. The DDF does so by providing financial services to meet the borrowing needs of parishes, schools and agencies of the Catholic Diocese of Sandhurst so they can realise their vision for the benefit of the Catholic community.

Since its establishment, the DDF has helped fund significant capital works across the Catholic Diocese of Sandhurst largely due to the commitment and support of our Catholic community. The DDF is the central treasury of the Catholic Diocese of Sandhurst and custodian of funds held on behalf our clients. The DDF is part of a broader network of other Catholic Development Funds which services the Catholic and wider communities across Australia and New Zealand.

The Australian Catholic Bishops Conference has established a company known as CDPF Limited which has been approved by ASIC as a sponsor body for the purposes of providing exemption from the various provisions of the Corporations Act that would otherwise apply to church bodies. CDPF Limited has indemnified the DDF (ABN 86 390 691 545) against any liability arising out of a claim by investors in the DDF. In practice, this means your investment is backed by the assets of the Catholic Diocese of Sandhurst.

The DDF is required by law to make the following disclosure. The DDF is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission (ASIC). An investor in the DDF will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). Investments in the DDF are intended to be a means for investors to support the charitable, religious and educational works of the of the Catholic Diocese of Sandhurst. The investments that the DDF offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by ASIC. Investors may be unable to get some or all of their money back when the investor expects or at all and investments in the DDF are not comparable to investments with banks, finance companies or fund managers. The DDF’s identification statement may be viewed here. The DDF does not hold an Australian Financial Services Licence.

Annual Report
Click to download:  
- pdf DDF Annual Report 30 June 2023 (2.15 MB)
- pdf DDF Annual Report 30 June 2022 (1.58 MB)
- pdf DDF Annual Report 30 June 2021 (1.69 MB)
- pdf DDF Annual Report 30 June 2020 (1.82 MB)
- pdf DDF Annual Report 30 June 2019 (312 KB)
- pdf DDF Annual Report 30 June 2018 (252 KB)
- pdf DDF Annual Report 30 June 2017 (514 KB)

Annual Financial Statement
Click to download:
- pdf DDF Annual Financial Report 30 June 2023 (666 KB)
default - DDF Annual Financial Report 30 June 2022 (638 KB)
- pdf DDF Annual Financial Report 30 June 2021 (642 KB)
- pdf DDF Annual Financial Report 30 June 2020 (1.15 MB)
- pdf DDF Annual Financial Report 30 June 2019 (785 KB)
- pdf DDF Annual Financial Report 30 June 2018 (726 KB)
- pdf DDF Annual Financial Report 30 June 2017 (2.02 MB)

Identification Statement
Click to download:
- pdf October 2019 (763 KB)
- pdf January 2018 (75 KB)

Acknowledgement of Country
The Diocese of Sandhurst recognises the traditional custodians of the lands upon which we live, serve and worship.
We acknowledge the people of the regions of our Diocese.
We respectfully honour and acknowledge their ongoing custodianship and their connections to the land, waters and animals. We pay our respects to their culture, their Elders, past, present and emerging, for they hold the memories, the traditions, the culture and the hops of their peoples.
We express our gratitude in the sharing of this land, our sorrow for the personal, spiritual and cultural costs of that sharing and commit ourselves to actively working alongside First Nations People for healing, reconciliation and justice.