I, Peter Diamond, a delegate of APRAunder subsection 11(4) of the Banking Act 1959 (the Act) REVOKE Banking exemption No 1 of 2021 made on 24 May 2021;under subsection 11(1) of the Act, DETERMINE that sections 7 and 8 of the Act do not apply to the class of persons described in the attached schedule, while this determination continues in force; andunder paragraph 11(2)(c) of the Act, MAKE this determination subject to the conditions specified in the attached schedule of conditions.This instrument commences on the day it is registered on the Federal Register of Legislation.Dated: 18/08/2026Peter DiamondExecutive DirectorGeneral Insurance and Banking DivisionInterpretationIn this instrument:APRA means the Australian Prudential Regulation Authority.Person is to be interpreted in accordance with section 2C of the Acts Interpretation Act 1901, includes a body corporate as well as an individual.Note 1 This determination is a legislative instrument (see subsection 11(6) of the Act).Note 2 Under subsection 11(3) of the Act, a person is guilty of an offence if the person does or fails to do an act and doing or failing to do that act results in a contravention of a condition to which a determination under section 11 is subject (being a determination that is in force and that applies to the person). The penalty is 200 penalty units or, by virtue of subsection 4B(3) of the Crimes Act 1914 in the case of a body corporate, a penalty not exceeding 1,000 penalty units. By virtue of subsection 11(3A) of the Act, an offence against subsection 11(3) is an indictable offence. Under subsection 11(3B) of the Act, if a person commits an offence against subsection 11(3), the person is guilty of an offence against that subsection in respect of the first day on which the offence is committed and each subsequent day (if any) on which the circumstances that gave rise to the person committing the offence continue (including the day of conviction for any such offence or any later day)Schedule – class of persons Section 7 of the Banking Act 1959 does not apply to a person who is a controlling entity of a fund in the list below, in relation to the activities of the fund; andSection 8 of the Banking Act 1959 does not apply to a fund that is a body corporate, or a body corporate that is a controlling entity of a fund, in the list below, in relation to the activities of the fund:Anglican Community Fund (Inc) (previously known as Anglican Deposit Fund Perth (Inc))Anglican Development Fund – GippslandAnglican Development Fund (Diocese of Melbourne)Anglican Development Fund (Diocese of Tasmania)Anglican Development Fund Diocese of BathurstAnglican Financial Services (ANFIN) (Diocese of Brisbane)Anglican Funds – South AustraliaAnglican Investment and Development FundAnglican Managed Investments Fund Diocese of BathurstAnglican Savings and Development Fund Diocese of NewcastleArchdiocese of Adelaide – Catholic Development FundArchdiocese of Brisbane – Archdiocesan Development Fund (or The Corporation of the Trustees of the Roman Catholic Archdiocese of Brisbane)Archdiocese of Canberra and Goulburn – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Archdiocese of Canberra and Goulburn (ACT) & (NSW))Archdiocese of Hobart – Catholic Development FundArchdiocese of Melbourne – Catholic Development FundArchdiocese of Perth – Catholic Development FundArchdiocese of Sydney – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Archdiocese of Sydney)Armidale Diocesan Investment GroupAssemblies of God in Australia LtdCatholic Development Fund Diocese of Port PirieCDF Community FundCentenary Development FoundationChristian Finance Australia LimitedChristian Outreach CentreChurches of Christ Building Extension Mutual Fund IncorporatedChurches of Christ Financial Services LimitedDiocesan Cash Investment Fund (Anglican Church Diocese of Sydney)Diocesan Development Fund – Anglican Diocese of BendigoDiocesan Development Fund (Diocese of Armidale)Diocese of Ballarat – Catholic Development FundDiocese of Bathurst – Catholic Development FundDiocese of Broken Bay – Catholic Development Fund (or Trustees of the Roman Catholic Church for the Diocese of Broken Bay)Diocese of Bunbury – Catholic Development FundDiocese of Cairns – Catholic Development Fund (or The Roman Catholic Trust Corporation for the Diocese of Cairns)Diocese of Darwin – Diocesan Development Fund (or Catholic Church of the Diocese of Darwin Property Trust – Darwin Diocesan Development Fund)Diocese of Lismore – Diocesan Investment Fund (or The Trustees of the Roman Catholic Church for the Diocese of Lismore)Diocese of Maitland-Newcastle – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Diocese of Maitland-Newcastle)Diocese of Parramatta – Diocesan Development FundDiocese of Rockhampton – Diocesan Development FundDiocese of Sale – Catholic Development FundDiocese of Sandhurst – Diocesan Development FundDiocese of Toowoomba – Diocesan Development FundDiocese of Townsville – Diocesan Development FundDiocese 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 FundEFKS Financial and Investment ServicesLutheran Laypeople’s League of Australia LimitedNational Spiritual Assembly of the Baha’is of Australia Incorporated – Baha’i Investment FundRiverina Anglican Development FundStewards’ Foundation of Christian BrethrenTemple Society AustraliaThe Baptist Union of QueenslandThe Churches of Christ Property TrustThe Corporate Trustees of the Diocese of Grafton – Grafton Diocese Investment FundThe Uniting Church Investment ServiceUCA 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 FundUniting Church SA Investment Fund LtdUniting 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 FundInterpretationIn 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.fund means a religious charitable development fund listed in the ‘Schedule – class of persons’.Schedule – conditionsrecognised 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);limited to the purposes stated in the Fund constitution; andoperated not-for-profit.The Fund’s retail products must have the sole or dominant intention of furthering the religious and charitable purposes of the Fund.A copy of the Fund constitution setting out the Fund’s religious and charitable purposes must be available for inspection on request by APRA.the retail product must have a minimum term or call period of 31 days; andsubject 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.roll over the retail investor’s funds for a further period of at least 31 days; orif the retail investor requests that the funds not be rolled over, repay the retail investor’s funds in the form of cash, cheque or direct credit to an account held at an authorised deposit-taking institution (ADI) as defined in the Banking Act 1959.A Fund may, upon written request from a retail investor at any time, pay to the investor some or all of the funds invested in a retail product, provided that the Fund is satisfied that the investor has demonstrated that he or she is subject to exceptional circumstances that may lead to hardship and that it is appropriate to release the funds.A Fund may only release funds under Condition 6 if the release complies with a written procedure prepared by the Fund. The procedure must set out the basis upon which the Fund will determine whether exceptional circumstances that may lead to hardship exist that would warrant the early release of an investor’s funds.cheque account facilities; orBPAY facilities,in relation to retail products.Electronic Funds Transfer at Point Of Sale (EFTPOS) facilities; orAutomatic Teller Machine (ATM) facilities,in relation to retail products.Condition 8 does not preclude a Fund from making or receiving payments to or from a retail investor using such facilities.The Fund or its controlling entity must in all cases ensure that advertising and marketing material of the Fund contains, at a minimum, the following disclosure:{Insert name of Fund} (the Fund) is not prudentially supervised by the Australian Prudential Regulation Authority. Therefore, an investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. Investments in the Fund are intended to be a means for investors to support the charitable purposes of the Fund.The Fund or its controlling entity may advertise and market the Fund on-line or in print produced by or under the auspices of the controlling entity (or the religious institution that established the Fund). All advertising and marketing material of the Fund must contain the disclosure required under Condition 11.A Fund must not use or assume the words or expressions deposit or at-call, or any other word or expression (whether or not in English) of like import, in relation to a retail product offered, issued or sold to a retail investor.as part of another word or expression; orin combination with other words, letters or other symbols.