INFORMATION STATEMENT* Mission Saver Student Account


Prepared on 23 March 2021

1. Overview

The 31 Day Mission Saver Student Account (MSSA) is a convenient way for you to accumulate savings while earning a competitive interest rate. The MSSA requires you to give us a minimum of 31 days’ notice to access withdrawals of money from the Account. A Member Acknowledgement form covering terms and conditions and mandated disclosures is required to be signed by all account holders before the MSSA can be opened.

2. Terms and Conditions

How your investment works:

Debentures are issued by the Roman Catholic Trusts Corporation for the Diocese of Melbourne ABN 52 768 159 282 for the CDF Community Fund ABN 94 380 397 118. The balance held in your Mission Saver Student Account is a debt owed to you by us with a promise to return your principal sum and interest.

Who can invest in the Mission Saver Student Account?

The MSSA is designed for students under the age of 19.

A parent or legal guardian is required to be nominated as an account holder where an account is opened on behalf of a student under the age of 12 years.

What is the minimum initial investment?

The minimum initial investment required to open a MSSA is $1.00.

All investments must be made in Australian Dollars.

How to make an investment:

You have three options to arrange for payments into your Mission Saver Student Account:

  1. a one-off payment via Electronic Funds Transfer (EFT) or direct debit from your bank account with an Authorised Deposit Taking Institution (ADI) to your MSSA;
  2. you can establish a regular payment arrangement (for example, weekly, fortnightly or monthly) directly with your Authorised Deposit Taking Institution (ADI) (an example of an ADI is a bank) via a periodical payment;
  3. establish a Direct Debit with us by filling out the form at

Additional requirement for investing in a MSSA – Member Acknowledgement:

Any person investing in a MSSA must first sign a Member Acknowledgement form before we can open the Account. This is located at

How long will it take for my money to be invested?

Requests for investments into your MSSA received by us before 11am on any working day will usually be processed on that day.

If your request is unable to be processed for any reason (for example if you have provided us with insufficient or incorrect details of your transactional banking account held with an ADI, requests will be processed as soon as reasonably practical after we receive complete or correct information.

We reserve the right to refuse your request to invest in a MSSA for any reason. We are not required to advise you of our reasons for any particular decision.

CDF Community Fund Online:

You can manage your MSSA with CDF Community Fund Online. To be setup on CDF Community Fund Online you will need to complete the Member Online Access Request located at

All electronic withdrawals must be linked to an account with an ADI. The name of the ADI account must reflect the name of the student or parent/guardian recorded on your MSSA.

How to withdraw your money from your Mission Saver Student Account?

You must provide at least 31 days written notice to us if you wish to withdraw any money held in your 31 Day Mission Saver Student Account. This means the withdrawal will be processed no earlier than the 32nd day after we receive your written redemption request.

You can withdraw your money online via CDF Community Fund Online subject to the 31 day notice requirement.

Once the online withdrawal request is set up, your MSSA will have a 31 day restriction showing on your account. To complete the withdrawal of funds online, you will need to finalise the Notice of Withdrawal (NOW) process. You will receive an alert when your funds are available for you to transfer to your ADI account.

For more information about the NOW process, please click here.

Financial Hardship:

The requirement to give us at least 31 days’ notice for the 31 Day Mission Saver Account does not apply where the request is to alleviate financial hardship that you are suffering. If you are suffering financial hardship, please contact us or go to for further information.

Unless you can demonstrate that you are suffering financial hardship, redemption requests are subject to at least 31 days’ written notice.


Interest rates are published at The interest payable on your MSSA is a variable interest rate and is subject to change.

Accounts held by students up until the age of 18 years will be eligible for a bonus interest rate payable on top of the Base Interest Rate. The bonus rate is paid when there is at least one $1 contribution in that month and no withdrawals. Interest is calculated daily and paid monthly.

Interest on the Mission Saver Student Account is calculated daily at the daily percentage rate based on the balance in the MSSA at the end of each day. The ‘daily percentage rate’ is the annual interest rate divided by 365.

What about fees and charges?

We do not charge any fees to you for investing in a MSSA unless the account has been classified as a ‘dormant account’.

A one-off fee of $20.00 ‘Dormant Account-Keeping Fee’ and then a quarterly fee of $5.00 is charged in respect of each ‘dormant account’.

‘Dormant Account-Keeping Fees’ will be automatically debited from your MSSA.

Full details of our dormancy policy can be found at

Investors should be aware that fees may be charged by third parties that issue products and services that relate and facilitate your use of your MSSA.

Change in your details:

You must promptly notify us if you change your name or address.

Changes to Terms and Conditions:

We may change some of the terms and conditions of your investment with us. We will tell you of the change by publishing the change on our website and on CDF Community Fund Online no later than the day of change.

3. How to apply for a Mission Saver Student Account

You may apply to open a MSSA by completing our online application form available on our website or by contacting us directly. Please ensure that all fields on our application form are correctly completed.

To open an account with CDF Community Fund, you are required to provide satisfactory identification (ID) information. Your ID will be confirmed with the Australian Government’s Document Verification Services (DVS) for certification purposes. We can verify you by matching your ID, name, address and date of birth with GreenID service provided by GBG Plc and data they hold.

Please see Section 2 (Terms and Conditions) for detailed information on how to invest and use your account. Please note that your application cannot be processed until all of our requirements are met to our satisfaction.

4. Contact Us

We are pleased to answer any questions that you may have about our Mission Saver Student Account.

Please feel free to contact us at:

CDF Community Fund, Melbourne Office:
St Patrick’s Centre, 486 Albert Street, East Melbourne VIC 3002
Mail: PO Box 174, East Melbourne VIC 8002
Phone: (03) 9926 2200
Phone (toll free): 1800 134 135

5. Privacy Policy

Our privacy policy can be found at

6. Complaints

We are committed to resolving any problem or dispute you may have with us. Please let us know if you have any problem, dispute, or complaint by contacting our complaints officer as follows:

Complaints Officer
Phone: (03) 9926 2200
Phone (toll free):1800 134 135
Mail: PO Box 174, East Melbourne VIC 8002

Our complaints officer will deal with your complaint in an efficient and timely manner. Our complaints officer will provide you with information about how your complaint will be processed and the expected time frame for resolving the complaint.

If an issue has not been resolved to your satisfaction, you can lodge a complaint with the Australian Financial Complaints Authority, or AFCA. AFCA provides fair and independent financial services complaint resolution that is free to consumers.

Telephone: 1800 931 678 (free call)
In writing to: Australian Financial Complaints Authority GPO Box 3, Melbourne VIC 3001

7. Important information


CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the CDF Community Fund ABN 94 380 397 118 (the Fund) against any liability arising out of a claim by investors in the Fund. In practice, this means your investment is backed by the assets of Catholic Archdiocese of Melbourne.

The Fund is required by law to make the following disclosure:

Investment in the Fund is only intended to attract investors whose primary purpose for making their investment is to support the charitable purposes of the Fund. Investor’s funds will be used to generate a return to the Fund that will be applied to further the charitable works of the Catholic Church. The Fund 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 Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). The investments that the Fund 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 Fund are not comparable to investments with banks, finance companies or fund managers. The Fund’s identification statement may be viewed at or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence. The Fund has entered into an intermediary authorisation with CDFCF AFSL Limited ABN 49 622 976 747, AFSL No. 504202 to issue and deal in debentures.

Terms and conditions for your investment are contained in this Information Statement.

Updates to this Information Statement:

We reserve the right to change this Information Statement. We will notify you of these changes by publishing the change on our website.

* This is not an ‘offer information statement’ as defined in section 715 of the Corporations Act.