annual
2015
report
diocesAN investment fund
In 1964, Bishop Farrelly and Fr Leo Donnelly,
in conjunction with prominent local business
people, established the Lismore Diocesan
Investment Fund (DIF) to provide a stable
source of long term finance for Catholic
parishes and organisations of the Lismore
Diocese.
about us
An investment with peace of mind
As well as a competitive interest rate and your
savings at call, any downturns in the economy
have minimal impact on the Diocesan
Investment Fund. This is because your invested
funds are used by the DIF to lend to parishes
and other Diocesan entities for specific
projects such as aged care services, school
infrastructure, parish and Diocesan buildings
as well as pastoral activities. This restricted
lending policy means the Diocesan Investment
Fund is not exposed to the commercial loan
environment.
All investments with the Diocesan Investment
Fund are secured by the assets of the Diocese
of Lismore and guaranteed by a company
set up by the Australian Catholic Bishops
Conference. The Fund is audited annually.
Bishop’s Message................................................................................................. 2
Chairman’s Report.............................................................................................3
Concise Financial Report...........................................................................5
Board Members & Customer Service Team.......................... 11
charter
To provide a stable source of long term finance at
affordable rates of interest, for Catholic Parishes and
institutions of the Lismore Diocese and to provide a
stable stated return to investors.
1
from the bishop
My dear people,
This year the Holy Father
addressed an Encyclical Letter,
Laudato Si’ – On Care For Our
Common Home’ not only to the
Church but to all humanity. Pope
Francis outlined the difficulties
and the challenges that face all
peoples today. The essence of his
appeal is, “the urgent challenge
to protect our common home.”
This includes “a concern to bring
the whole human family together
to seek sustainable and integral
development, for we know that
things can change. The Creator
does not abandon us; he never
forsakes his loving plan or repents
of having created us. Humanity still
has the ability to work together in
building our common home” (13).
It is now 15 years since Pope St
John Paul appointed me to the
service of the Diocese of Lismore
and the 110,000 Catholic people
for whom this beautiful part of
Australia is “our common home.”
I have always been mindful that
we are the successors since 1887
of the faithful generations of our
forbears and many hundreds of
devoted priests and religious who
have lived and worked with their
2
chairman’s report
feet on the ground of this northcoast paradise — but with their
eyes set beyond on their Common
Home in the Paradise as yet
beyond our sight.
Pope Francis reminds us of the
Church’s ‘bi-focal’ vision. The
divine, God’s unseen world, sets
the perspective for the human, the
work of human hearts and human
hands. That way of seeing became
concrete in the Person of the
Word who has become flesh, Jesus
Christ, who is for ever the Divine
Love living in a human heart.
The divine mission entrusted to
us has from the beginning always
demanded human resources, just as
Our Lord and His apostles required
food, clothing, a place to stay, and
means to care for the poor. Those
with resources placed them at the
disposal of the mission, the material
at the service of the spiritual.
For over fifty years now the
Diocesan Investment Fund (DIF)
has been a vital part of our working
together to seek ‘sustainable and
integral’ resources for the needs of
our diocesan Church. The investors
of the DIF (the wonderful people
of this Diocese) have answered the
call of the Holy Father by placing
their savings with the DIF, enabling
our Church communities to draw
on the Fund to ‘sustain and develop’
our parishes with churches, schools,
health and aged care facilities and
so much more.
The Diocese has been blessed to
have many talented and dedicated
people assist in the administration
of the Fund. The financial
stewardship of past and present
members of the Diocesan Finance
Committee and the past and
present Fund Managers and their
staff have all combined to make the
DIF what it is today.
As your Bishop, I give thanks to
God, who does not abandon us,
for what the Fund has achieved
and I pray that we may continue to
‘work together’ so that the Fund
may continue its great work of
building up ‘our common home’,
the Diocese of Lismore.
Yours sincerely in Christ our Lord,
Most Rev. Geoffrey H. Jarrett
Bishop of Lismore
It is a pleasure to congratulate
Mrs Mavourneen Kennedy and
thank her for her management of
the Diocesan Investment Fund
as she rightfully contemplates
retirement in the later part of the
year. It is remarkable there have
only been two managers of the
Diocesan Investment Fund, both
having exceptional personal values
and skills exhibiting extraordinary
Christian traits, which has made
the Diocesan Investment Fund
a place of comfort and trust
for Investors, Agents, Clergy,
Religious and borrowing Parishes
alike. Mavourneen followed Mr
Barry Wappett and whilst we thank
Mavourneen for her remarkable
commitment to our Diocesan
Church and especially the Diocesan
Investment Fund, we cannot
forget Barry, who provided a great
mentoring role for Mavourneen.
Mavourneen, thank you so
much from our whole Diocesan
Community and especially our
Bishop and Priests, who you have
served so well. Thank you
Our investments this year have
performed well, when one considers
we live in a time of low interest
rates and economic uncertainty.
Investors can be comforted to
know, whilst returns are modest,
your investments are safe and
for “on demand” products the
Diocesan Investment Fund excels.
On behalf of His Lordship, I thank
all members of the Board, who
have the interests of investors
and Parishes at the forefront of
their minds when making decisions
affecting the funds of the Diocesan
Investment Fund, for their time
and commitment and support. I
thank all Priests, Clergy, Religious,
the Lay Faithful, all Agents,
Management and Staff of our
Diocesan Office for your loyalty
and service of all stakeholders of
our Diocesan Investment Fund.
As our Bishop has said, it is our
“working together”, which allows
is to “sustain and develop” our
Diocesan Church. Thank you one
and all.
It is my intention, this will be my
last message as Chair of the Board
as I intend to resign from the Board
in the New Year (2016). I thank
Bishop John and Bishop Geoffrey
for their trust and support whilst
I have held this office. I especially
thank Fathers Devoy and Slack
who have supported me ab initio.
To Mr Barry Wappett, I owe a great
debt of gratitude for his friendship,
advice and gentle guidance, as too
to my fellow Board members over
the years.
I have been fortunate to have learnt
a great deal whilst on the Board,
having taken the opportunity to
listen to some wonderful minds.
There is little doubt the D.I.F. has
taught me more than I have given
in service to it.
People such as Fr Bill Mills and
Fr Jim Reilly (recently deceased)
taught me some wonderful life
skills and their constant reminder
to remember who we were and
who we represent, shall be with me
forever.
Thank you to all staff members
namely but not limited too, Mr
Greg Isaac and Mr Andrew Young.
I leave knowing much has been
achieved and the future is secure in
such safe hands.
Yours faithfully
Francis Gregory Hannigan
3
st anthony’s Parish, pottsville
St Ambrose Primary opens in 2015 at
concise FINANCIAL report
Pottsville
For the year ended 31 March 2015
DISCUSSION AND ANALYSIS OF THE FINANCIAL STATEMENTS
Information on Diocesan Investment Fund Concise Financial Report
The financial statements and disclosures in the concise financial report have been derived from the 2015 Financial
Report of the Diocesan Investment Fund.
A copy of the full financial report and auditor’s report will be sent to any member, free of charge, upon request.
The discussion and analysis is provided to assist members in understanding the concise financial report. The
discussion and analysis is based on the Diocesan Investment Funds financial statements and the information
contained in the concise financial report has been derived from the full 2015 Financial Report.
Profit and Loss and Statement of Comprehensive Income
The Fund recorded a profit from ordinary activities after income tax for the year of $5,834,966 (2014: $5,221,514).
The increase in profit from the prior year is principally due to an increase in the income received from a managed
fund investment, and a decrease in unrealized losses from revaluing financial assets and investment properties to
fair value. In 2014 our investment properties were revalued at year end which resulted in an unrealized decrease in
value of $1,199,017. There was no change in value of our investment properties in 2015.
Statement of Financial Position
Our investors’ deposits have increased during the year by $56,792,563 to $514,769,647, an increase of 12% over
the previous year. Total liabilities have increased by $57,724,099 to $519,180,443.
State of the art learning facilities
Total assets increased by $59,344,028 to $548,738,681. Held to maturity financial assets (bank term deposits)
increased by $51,724,000 and cash held increased by $7,332,059.
Fr Paul McDonald, Parish Priest. St Anthony’s Parish Kingscliff
“St Ambrose Catholic School at
Pottsville opened at the beginning of
2015 school year with 143 students.
4
The parish of St. Anthony’s, Kingscliff
is most grateful for the support
and financial assistance given by
the Diocesan Investment Fund to
the project of building St. Ambrose
Catholic Primary School at Pottsville.”
“The
involvement
of the DIF
was
absolutely
critical in
the success
of the new
school”
Equity at year end totaled $29,558,238 (2014: $27,938,308). A provision has been made at year end for a
distribution to the Diocese of $4,215,037 (2014: $3,319,359).
Statement of Cash Flows
The cash held at the end of the year increased by $7,332,059 from $1,000,668 at 31 March 2014 to $8,332,727
at 31 March 2015.
AUDITOR’S INDEPENDENCE DECLARATION
UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE MEMBERS OF THE DIOCESAN
FINANCE COUNCIL
I declare that, to the best of my knowledge and belief, during the year ended 31 March 2015 there have been no contraventions
of any applicable code of professional conduct in relation to the audit.
MF PARTNERS - MARK CHARTER (Partner)
Dated at Ballina this 6th day of May 2015
Address: 95 Tamar Street Ballina NSW 2478
DIOCES A N INVESTMENT F U ND > A B N 3 2 9 9 1 3 6 2 5 1 7
The official opening and blessing on
11 March 2015 was a fitting
celebration of the realisation of a long
term goal to have a Catholic primary
school established on the same site as
Sts Mary & Ambrose Church which
was opened in 1983. The presence of
the school within the grounds of the
Church has excited many parishioners
as they see the parish engaging with
many more young families and in the
Catholic education of children in the
Pottsville area.
The involvement of the DIF was
absolutely critical in the success of
the new school, not only due to their
initial funding, but also their continual
assistance in the planning and ongoing
financial support of the school. In
financial terms the DIF financed a
total of $1,980,306 out of a total
project cost of $6,332,573 with the
balance coming from Commonwealth
funds and local parish contributions.
5
Profit and Loss Statement of Comprehensive Income
Statement of Changes in Equity
For the year ended 31 March 2015
For the year ended 31 March 2015
Note
20152014
$$
Revenues from investing activities
2
21,722,671
21,382,288
Other revenue
2
0
0
Interest incurred
(15,129,397)
(14,913,752)
Employee benefits expense
(158,297)
(177,110)
Depreciation and amortisation expenses
(1,277)
(476)
Other expenses from ordinary activities
(523,594)
(771,197)
Changes in fair value of financial assets and investment
properties at fair value
2
(75,140)
(298,239)
Profit/(loss) from ordinary activities before income tax expense
5,834,966
5,221,514
Income tax expense relating to ordinary activities
0
0
Net profit /(loss) for the year after income tax expense attributable
to Trustees of the Fund
5,834,966
5,221,514
Other comprehensive income
0
0
Change in net assets attributable to Trustees of the fund
5,834,966
5,221,514
Unrealised Investment
Revaluation Reserve
4,947,128
21,089,026
26,036,154
0
5,221,514
5,221,514
(298,239)
298,239
0
4,648,88926,608,778 31,257,667
0
(3,319,359)
(3,319,359)
Balance at 31 March 2014
Profit (loss) attributable to the entity Transfers to/(from) Investment Revaluation Reserve
Sub-total
Distribution to Diocese paid or provided for
4,648,889
23,289,419
27,938,308
0
5,834,966
5,834,966
(75,140)
75,140
0
4,573,74929,199,525 33,773,274
0
(4,215,037)
(4,215,037)
Balance at 31 March 2015
4,573,749
6
548,738,681
489,394,653
LIABILITIES
Trade and other payables
4,375,346
3,442,108
Interest bearing loans and liabilities
514,769,647
457,977,084
Provisions 35,44937,152
TOTAL LIABILITIES
519,180,443
461,456,344
NET ASSETS
29,558,238
27,938,308
EQUITY
Accumulated Funds
24,984,488
23,289,419
Reserves 4,573,7494,648,889
TOTAL EQUITY
The accompanying notes form part of these financial statements.
29,558,238
27,938,308
2015
2014
18,395,168
474,465
(15,129,397)
2,314,889
(646,033)
5,409,092
19,513,947
497,834
(14,913,752)
1,745,836
(625,656)
6,218,209
$
CASH FLOW FROM INVESTING ACTIVITIES
Movement in loans - loans advanced (26,832,999)
- loans repaid
26,849,239
Movement in investments - held to maturity
Purchases
(425,050,000)
Proceeds on maturity 373,326,000
Movement in investments - available for sale
Purchases
-
Proceeds from disposal
157,386
Payment for plant and equipment
137
Proceed on sale of property plant and equipment
-
Net cash provided by (used in) investing activities (51,550,237)
CASH FLOW FROM FINANCING ACTIVITIES
Deposits received 469,939,385
Deposits repaid (413,146,822)
Grant paid
(3,319,359)
Net cash provided by (used in) financing activities
53,473,204
Net decrease in cash held
7,332,059
Cash at beginning of year
1,000,668
Cash at end of year
8,332,727
The accompanying notes form part of these financial statements.
$
(23,369,050)
21,581,366
(425,644,500)
387,107,500
(21,330)
1,312,872
(10,725)
(39,043,867)
424,781,881
(388,534,280)
(3,627,347)
32,620,254
(205,404)
1,206,072
1,000,668
DIOCES A N INVESTMENT F U ND > A B N 3 2 9 9 1 3 6 2 5 1 7
DIOCES A N INVESTMENT F U ND > A B N 3 2 9 9 1 3 6 2 5 1 7
TOTAL ASSETS
11,750,195
11,982,721
100,185,161
100,201,400
2,850,6362,312,487
9,550
10,964
15,859,412
15,859,412
29,558,238
For the year ended 31 March 2015
Interest received
Dividend received
Interest paid
20152014
Other receipts
ASSETS
$$
Payments to suppliers and employees
Cash and cash equivalents
7,932,727
600,669
Net cash provided by (used in) operating activities
Held to maturity financial assets
410,151,000
358,427,000
Available for sale financial assets
Loans and advances
Other
Property plant and equipment
Investment properties
24,984,488
Statement of cash flows
CASH FLOW FROM OPERATING ACTIVITIES
For the year ended 31 March 2015
Total
Balance at 1 April 2013
Profit (loss) attributable to the entity Transfers to/(from) Investment Revaluation Reserve
Sub-total
Distribution to Diocese paid or provided for
Statement of Financial Position
Accumulated
Funds
7
notes to the concise financial report
For the year ended 31 March 2015
NOTE 1: BASIS OF PREPARATION OF THE CONCISE FINANCIAL REPORT
The concise financial report has been prepared in accordance with Accounting Standard AASB 1039: Concise Financial
Reports.
The financial statements, specific disclosures and other information included in the concise financial report are derived
from and are consistent with the full financial report of the Diocesan Investment Fund. The concise financial report cannot
be expected to provide as detailed an understanding of the financial performance, financial position and financing and
investing activities of the Diocesan Investment Fund as the full financial report. A copy of the full financial report and
auditors report will be sent to any member, free of charge, upon request.
The Diocesan Investment Fund is a not-for-profit entity as any profits generated are distributed back to the Diocese of
Lismore.
The accounting policies have been consistently applied by the Fund and are consistent with those of the previous financial
year except where otherwise stated.
The Diocesan Investment Fund has prepared financial statements in accordance with the Australian equivalents to
International Financial Reporting Standards (IFRS).
Note2015
2014
$
$
Operating activities
- Interest Earned
2a
18,933,317
19,056,399
- Distributions from Managed Trusts
1,085,081
457,603
- Dividends Received
474,465
497,834
- Gain on Sale of Shares
-
82,219
- Rental Income
1,229,808
1,288,232
- Other income
-
21,722,671
21,382,288
Non-operating activities
- Unrealised gain on investments
(75,140)
(298,239)
(75,140)
(298,239)
Total revenue
21,647,531
21,084,049
a. Interest from
- other persons
18,933,31719,056,399
NOTE 2: revenue
8
NOTE 4: EVENTS SUBSEQUENT TO REPORTING DATE
No other matters have occurred since the end of the financial year which would require disclosure in the financial report.
NOTE 5: DISTRIBUTIONS
There was a distribution accrued of $4,215,037 (2014: $3,319,359) to be paid to the Roman Catholic Diocese of Lismore.
A distribution of $3,319,359 (2014: $3,267,347) was paid during the year.
NOTE 6: ECONOMIC DEPENDENCE AND GOING CONCERN
The Fund relies upon the continued support from the Parishes within the Diocese as well as exemptions from the Banking
Act 1959 and related regulations. The Banking Act exemption will expire on 31 December 2015. APRA is currently
reviewing submissions from Religious Charitable Development Funds in respect of changes proposed by APRA to our
exemption.
For the year ended 31 March 2015
In accordance with a resolution of the members of the Diocesan Finance Council:
1.
The financial statements and notes, as set out in pages 6 to 8:
a. complies with Accounting Standard AASB 1039: Concise Financial Reports; and
b. has been derived from and is consistent with the full financial report of the Diocesan Investment Fund.
2.In the members’ of the Diocesan Finance Council opinion there are reasonable grounds to believe that the Fund will
be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the members of the Diocesan Finance Council and is signed for
and on behalf of the members by:
Chairman - Frank Hannigan
Deputy Chairman - Michael Shay
Dated this 6th day of May 2015.
independent audit report
To the Bishop and Trustees of the Diocese Of Lismore
Scope
We have audited the concise financial report of the Diocesan
Investment Fund for the financial year ended 31 March 2015 as
set out on pages 6 to 8, in order to express an opinion on it to the
Bishop and the Trustees of the Diocese of Lismore. The members’
of the Diocesan Finance Council are responsible for the concise
financial report. The concise financial report does not contain all
disclosures required by the Australian Accounting Standards.
Responsibility of the Members of the Finance Council for the
Financial Report
The members of the Diocesan Finance Council are responsible
for the preparation and presentation of the concise financial
report in accordance with Accounting Standard AASB 1039:
Concise Financial Reports (including the Australian Accounting
Interpretations), statutory and other requirements. This
responsibility includes establishing and maintaining internal control
relevant to the preparation of the concise financial report; selecting
and applying the appropriate accounting policies; and making
accounting estimates that are reasonable in the circumstances.
Auditor’s responsibility
Our responsibility is to express an opinion on the concise financial
report based on our audit procedures. We have conducted
an independent audit, in accordance with Australian Auditing
Standards, of the financial report of the Diocesan Investment
Fund for the year ended 31 March 2015. Our audit report on the
financial report for the year was signed on 6th May 2015 and was
not subject to any modification. The Australian Auditing Standards
require that we comply with relevant ethical requirements relating
to audit engagements and plan and perform the audit to obtain
reasonable assurance whether the financial report for the year is
free from material misstatement.
Our procedures in respect of the concise financial report included
testing that the information in the concise financial report is
derived from, and is consistent with, the financial report for the
year, and examination on a test basis, of evidence supporting the
amounts, discussion and analysis, and other disclosures which were
not directly derived from the financial report for the year. These
procedures have been undertaken to form an opinion whether, in
all material respects, the concise financial report complies with
Accounting Standard AASB 1039: Concise Financial Reports and
whether the discussion and analysis complies with the requirements
laid down in AASB 1039: Concise Financial Reports.
We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Independence
In conducting our audit, we followed applicable independence
requirements of Australian professional ethical pronouncements.
We have given to the members of the Finance Council a written
Auditor’s Independence Declaration, a copy of which is included
on page 5.
Auditor’s opinion
In our opinion the concise financial report of the Diocesan
Investment Fund complies with Accounting Standard AASB 1039:
Concise Financial Reports.
Emphasis of Matter – Economic Dependence and Going Concern
Without modifying our opinion, as described in Note 6, the current
Banking Act exemption will expire on 31 December 2015. APRA
is currently reviewing submissions from Religious Charitable
Development Funds in respect of changes proposed by APRA to
our exemption.
MF PARTNERS - MARK CHARTER (Partner)
Dated at Ballina this 6th day of May 2015
Address: 95 Tamar Street Ballina NSW 2478
DIOCES A N INVESTMENT F U ND > A B N 3 2 9 9 1 3 6 2 5 1 7
DIOCES A N INVESTMENT F U ND > A B N 3 2 9 9 1 3 6 2 5 1 7
NOTE 3: SEGMENT REPORTING
The Fund operates predominantly in one business and geographical segment being the Finance sector principally in the
Catholic Diocese of Lismore. The fund produces monthly management reports based on this one segment and as such
all significant operating decisions are based upon the fund as one segment. The financial results from this segment are
equivalent to the financial statements of the Fund as a whole.
declaration by members of the diocesan finance council
9
St Carthage’s Parish, Lismore
New Performing Arts Facility for
st john’s college
board of
directors
Customer
Service
Team
Bishop of
Lismore
Most Reverend
Geoffrey Jarrett
(ex officio)
Mavourneen
Kennedy
Chairman
Frank
Hannigan
Derelle
Rose
Mark
Dougherty
Emma
Rippon
Fr Paul
Gooley
Dudley
Kelso
Seven years in planning
Peter
Liddy
“St John’s College, Woodlawn is
fortunate to have a wonderful new
performing arts facility, which has
been named after Fr Paul Pidcock,
the College’s long time Chaplain and
ex-student.
This project was some seven years
in planning before a single brick was
laid. Complications regarding a hilly
site, heritage issues and adaptive
re-use were all thoroughly addressed
prior to the College achieving a
workable design.
The support from both St Carthage’s
Cathedral Parish and the Diocesan
Investment Fund were integral in
enabling this wonderful resource to
come to fruition.
On behalf of the current and many
future students who will benefit
from this new building, we are very
grateful for the support we received in
this project.”
deputy
Chairman
Michael
Shay
By invitation:
Diocesan
Business
Manager
Greg
Isaac
vicar
general
Fr Peter
Slack
By invitation:
Chancellor
Deacon Chris
Wallace
By invitation:
Fund
Manager
Mavourneen
Kennedy
10
Jason
Toniello
Anthony
Simmon
Mr Chris Comerford, Principal St John’s College, Woodlawn
Melissa
Gahan
Auditors: MF Partners
Solicitors: Hannigans Solicitors
Bankers: Westpac Banking Corporation
Professional and friendly are two
words that are regularly used
to describe our DIF Customer
Service Team. The team in our
DIF Head Office plus our agents
across the Diocese are equipped
to help you with any questions,
receive deposits, organise
withdrawals or change any aspect
of your investment.
www.dif.org.au
Our website provides an
alternative avenue of information
however if you can’t find what
you need online, contact us via
phone, email or by visiting one
of our Agents or the Customer
Service Team at our Head Office
in Lismore.
We are here to help you.
11
St agnes Parish, Port Macquarie
Youth Hub and new works at St Peter’s at
port macquarie
Benefitting the young people of the Parish
Adam Spencer, Chief Executive Officer, St Agnes Parish, Port Macquarie
“The Port Macquarie Youth Hub was the
beneficiary of a small loan to aid in the
completion of the project. The Youth
Hub is a place for young people aged
8yrs to 25yrs. This innovative resource
for the young people of Port Macquarie
provides an atmosphere to socialise,
play, exercise and learn. It is the Hub
for all of the Parish youth groups as
well as many other community based
programs.
Joint funding from the Diocese
Investment Fund and NSW
Government for construction and
refurbishment of all general learning
areas, was warmly welcomed by the
St Peter’s Primary School community.
12
St Peter’s Primary School has
benefitted by the building of two new
classrooms, the refurbishment of 10
existing classrooms and an extension to
the staff room. Funds were also used
to improve specialist learning areas,
science labs, computer facilities and
performing art spaces which maximise
learning opportunities for students by
delivering contemporary facilities that
support new technologies employed by
today’s teachers.”
“This innovative
resource for
the young
people of Port
Macquarie
provides an
atmosphere to
socialise, play,
exercise and
learn.”
The Diocesan Investment Fund is represented in various towns within the Diocese by the following Accredited Agents.
Deposits and withdrawals may be made during normal business hours.
ALSTONVILLE
Bruno Ivan & Co, Chartered Accountant,
92A Main St. Ph: 02 6628 0155
EVANS HEAD
L J Hooker Real Estate - Oak Street
Phone: 02 6682 6000
BALLINA
L J Hooker Real Estate,
89 River St. Ph: 02 6686 2711
Crowley Memorial Retirement Village,
154 Cherry St. Ph: 02 6686 5090
GRAFTON
Westlawn Investments, Cnr Fitzroy &
Queen Sts. Ph: 02 6642 2022
Parish Office: 1 Victoria St.
Ph: 02 6643 9017
BELLINGEN
Parish Office: (Tue, Wed, Thu,)
Park St. Ph: 02 6646 2060
KEMPSEY
Paul Stubbs Law Office,
44 Belgrave St. Ph: 02 6562 1234
CASINO
Hannigan Solicitors, 92 Centre Street
Phone: 02 6662 4122
Parish Office: 126 Canterbury St.
Ph: 02 6662 1025
KINGSCLIFF
Parish Office: (Mon, Tue, Wed & Thu
9am-2.30pm)
16 Pearl St. Ph: 02 6674 1284
COFFS HARBOUR
Good Price Pharmacy Warehouse, Phone:
02 6651 1800
Parish Office: Curran Centre,
12 Gordon St. Ph: 02 6651 0000
KYOGLE
Hannigans Solicitors, 92 Summerland
Way. Ph: 02 6632 1688
LAURIETON
421 Ocean Drive. Ph: 02 6559 8354
LISMORE - HEAD OFFICE
75 Magellan St. Ph: 1800 802 516
Parish Office: Leycester St.
Ph: 02 6626 0200
MULLUMBIMBY
Healthcare Pharmacy,
60 Burringbar St. Ph: 02 6684 4888
MURWILLUMBAH
Egan Simpson Solicitors,
15 Prince St. Ph: 02 6672 2999
NAMBUCCA HEADS
Roberts First National Real Estate,
10 Bowra St. Ph: 02 6568 6605
PORT MACQUARIE
DIF Office: Parish Administration Centre,
9am-1pm. 49 Hay St. Ph: 02 6583 7439
SAWTELL
Parish Office: 44 Boronia St.
Ph: 02 6658 3544
Marian Grove Retirement Village,
Marian Place Toormina.
Ph: 02 6653 1241
SOUTH WEST ROCKS
Peter Needs Pharmacy,
11 Memorial Ave. Ph: 02 6566 6700
TWEED HEADS
Parish Office: Hoade Centre,
Cnr Enid & Frances St.
Ph: 07 5536 7522
YAMBA
Yamba Soul Pattinson Pharmacy,
17 Yamba St. Ph: 02 6646 2060
The Diocesan Investment Fund (DIF) is not subject to the provisions of the Corporations Act 2001 nor has it been
examined or approved by the Australian Securities and Investments Commission. Deposits with the DIF are guaranteed
by CDPF Limited, a company established by the Australian Catholic Bishops Conference for this purpose. We welcome
your investment with the DIF rather than with a profit oriented commercial organisation as a conscious commitment by
you to support the Charitable, Religious and Educational works of the Catholic Church. Neither the DIF nor the Trustees
of the Roman Catholic Church for the Diocese of Lismore are prudentially supervised by the Australian Prudential
Regulation Authority; contributions to the DIF do not obtain the benefit of the depositor protection provisions of the
Banking Act 1959; the DIF is designed for investors who wish to promote the charitable purposes of the DIF.