An investment with Anglican Financial Services (ANFIN) is a loan to the Corporation of the Synod of the Diocese of Brisbane which has the obligation to ensure its repayment. ANFIN is not subject to the normal Corporations Act requirements to have a disclosure document or Product Disclosure Document and be registered or have a trust deed under the Corporations Act. The scheme has not been approved or examined by the Australian Securities and Investment Commission. No person, other than ANFIN and its employees receives any material benefit from investments with ANFIN or administering or managing the assets of ANFIN.
ANFIN is not prudentially supervised by APRA.
Contributions to the Fund do not obtain benefit of the depositor protection provisions of the Banking Act 1959. ANFIN is designed for investors who wish to support the activities of the Anglican Church community and for whom profit may not be the primary consideration. An investment with ANFIN is a loan to the "Corporation of the Synod of the Diocese of Brisbane" and is fully guaranteed by the assets of the Diocese. Unless advised otherwise, ANFIN will deem all investments lodged by more than one person to be joint investments and, in the event of death of one joint investor, will deem the survivor to have title to the investment. For all other investments, in the event of death of an investor, ANFIN will recognise the executor, administrator or personal representative or the depositor's estate, after satisfactory evidence to that effect has been provided, as the person(s) authorised to administer the investment. Otherwise, investments are not transferable.”
Online and Telephone Transfers
If your online or telephone transfer to a non-ANFIN account is urgent, please ensure that you complete your transaction for overnight processing, prior to 2.30pm (AEST), Monday to Friday, excluding Australian national public holidays. Transfers made after 2.30pm (AEST) will be processed on the next working day. Please note that transfers to some smaller financial institutions may require up to two working days to be processed.
Easy Access Accounts
Withdrawals will be paid on 24 hours notice. Interest rates may vary without notice. Interest is paid on daily balances at the end of each calendar quarter.
Term Investment Accounts
The interest rate is fixed for the term of the investment. We may agree to early repayment of an investment in exceptional circumstances, in which case a penalty may apply. We reserve the right to repay any or all investments together with any accrued interest after giving two months notice of our intention to do so to investors. Notices of maturity of investments are sent to investors prior to maturity. Unless instructed otherwise, we will renew the investment for a similar period on terms and conditions then applicable.
Monthly Income Accounts
Term Investment conditions apply except that term investments of $10,000 or more which are lodged for one year or longer will qualify for monthly interest, if interest is paid directly into a nominated bank account or Easy Access Account.
Investors can open a Partnership Plan Savings Account. If you choose to receive no interest, we may credit an amount (equivalent to the amount of interest foregone by you) as a bonus to an Anglican organisation nominated by you.