GOOD NEWS: The ongoing impact of investments with the Salesian Sisters
February 24, 2021

Living in the suburbs of Melbourne are 13 Salesian Sisters dedicated to a life of prayer and service. They are part of the South Pacific Province of Salesians comprising of Australia, Samoa, and the Solomon Islands. They have been in Australia since 1954 and are extremely active in serving our community. 


They provide ministry to young people who are disadvantaged and marginalised, including migrants and people who come from homes where money is tight. They also run retreats and conduct university chaplaincy work. 


The Salesian Sisters also generously support communities in the Solomon Islands and Samoa. The missionary work in this region provides a hostel for girls, development and education centers for women and catechesis classes. In addition to this the Sisters also run two primary schools in Samoa. 


For the past 20 years the Salesian Sisters have had term deposits with CDF.  Sr Helen McMahon says, “it’s because we know CDF uses the funds for the benefit of the wider Archdiocese. It is important for us to know that the money we invest is used for the benefit of the broader community, assisting Catholic churches, schools, parishes and communities.” 


“We enjoy the personal experience and connection that we have in dealing with CDF. They are always efficient, positive and helpful. We have complete trust and confidence in the service and capacity of CDF.” 


The Salesian Sisters have impacted thousands of lives through their great mission work. Sr Ljudmila Anzic believes that their mission goes beyond the Salesian sisters, “By using CDF we know that our mission is continued through the investments and how they are used. There is a human impact behind our term investment account and this is the reason why we use CDF”. 


Sr Helen, says “It allows us to continue our work in a different way. We all help each other and we are all connected. It is all about starting a chain of change for our mission and work to continue into the future.” 

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CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the Catholic Development Fund ABN 15 274 943 760 (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 the 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. Investors’ funds will be used to generate a return to the Fund that will be applied to further the charitable works of the Archdiocese of Melbourne and the Dioceses of Sale and Bunbury. 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 here or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence.