Church of Christ Financial Services Limited (CCFS) ABN 86 165 535 866 is the holder of an Australian Financial Services Licence (AFSL) number 502160 and is regulated by many regulators including the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA). It is important for investors to note the following important information:
Investors should be aware that deposits invested with CCFS are not subject to the normal requirement to have a disclosure document or Product Disclosure Statement and be registered or have a trust deed under the Corporations Act 2001. The depositors’ scheme is not required to be examined or approved by the Australian Securities and Investments Commission. Deposits lodged with CCFS are designed for investors who wish to promote the charitable and religious purposes of CCFS and for whom the consideration of profits are not of primary relevance in the investment decision.
CCFS is not prudentially supervised by the Australian Prudential Regulation Authority. Therefore, an investor in CCFS will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. Investments in CCFS are intended to be a means for investors to support the charitable and religious purposes of CCFS.