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Governance and Corporate Information

Risk Management

The ADF upholds strict governance arrangements that provide a high degree of transparency and accountability. The ADF has a Board that meets on a regular basis. Separately, a Finance and Risk Sub-Committee meets to support the Board. Both these forums are advisory in nature and operate within the broader canonical governance structure of the Archdiocese of Brisbane.

ADF Board

The ADF Board is accountable for exercising its responsibilities mandated by the Archbishop of Brisbane. The responsibilities are wide and varied including setting and monitoring of strategies; review of risk framework annually; approval and recommendation of new loans; review and monitoring of compliance with investment policy and the review of the annual performance of the ADF in accordance with the Governance Policies.

The Board membership reflects a broad spectrum of interest in areas such as:

  • Parish leadership;
  • Religious congregations;
  • Archdiocesan and non-profit Governance;
  • Accounting, banking and/or financial markets;
  • Civil and Canon law;
  • Business and commerce; and
  • Education, health and aged care.
Click to view our ADF Board members.

 

Board Members


Kevin Ross BEcon, Dip Pub Admin, Dip R.S. and J.P. (Qual)

  • Chair, Archdiocesan Development Fund Board
  • Former Director Health and Corporate Support Department of Veterans Affairs

Damien Frawley

  • Chief Executive Officer, QIC

Jeremy Howes BBus, MBA, GCCL, FCA

  • Financial Administrator, Archdiocese of Brisbane

Tim Kendall BCom, FCA, RCA

  • Partner Audit, BDO

Christine Maher BA LLB (Hons)

  • Consultant, Corrs Chambers Westgarth

Rowena McNally LLB, AFAIM, MAICD, FIAMA

  • Trustee, Mary Aikenhead Ministries
  • Chair, Catholic Health Australia
  • Director, International Committee of Catholic Health-Care Institutions (Vatican)

Rev Msgr Peter Meneely VG

  • Vicar General, Archdiocese of Brisbane

Vicki Tanzer BEd, MEd (Leadership)

  • Former Deputy Executive Director, Brisbane Catholic Education

Br John Thompson FMS BA (Hon)

  • President CRAqld
  • Director Lavalla Centre

Adam Walk BA, BBus, MAppFin, PhD, SFFin, FGIA, FAICD

  • Director, Drew, Walk & Co.
  • Research Fellow, Griffith Business School

Rev Fr Peter Brannelly PP

  • Parish Priest, Jubilee Parish

Robert Baker B Bus-Acc, FCA, GAICD

  • Director, Flight Centre Travel Group
  • Chair, Goodman Private Wealth Advisors
  • Advisory Board member, Catholic Development Fund, Sydney
  • Chair, Audit & Risk Committee, ACU

Very Rev Peter Dillon PP (Last Meeting Dec 2016)

  • Dean of South Country
  • Parish Priest, Ipswich Parish

Susan McDonald BCom, BEcon, CPA (Last Meeting Dec 2016)

  • Managing Director, Super Butcher

Finance and Risk Sub-Committee

The Finance and Risk Committee is a standing committee of the ADF Board which provides recommendations and advice in relation to the operation and functions of the ADF.

The Committee oversees and appraises the ADF’s financial and operational reporting processes, including monitoring the specific risk exposures of the ADF in the areas of liquidity, interest rate, capital management, operating and lending practices to identify and recommend improvements in management policy and strategy to manage risk exposure.

Auditors

  • PricewaterhouseCoopers

Solicitors

  • Kemp Strang

Bankers

  • Commonwealth Bank of Australia

Legal Status

The ADF is part of the Catholic Archdiocese of Brisbane which conducts its civil works through The Corporation of the Trustees of the Roman Catholic Archdiocese of Brisbane.

Disclosure Statement

The Archdiocesan Development Fund (the Fund) is required by law to make the following disclosure. 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. 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). Investments in the Fund are intended to be a means for investors to support the charitable, religious and educational works of the Archdiocese of Brisbane and for whom the consideration of profit are not of primary relevance in the investment decision. The investments that the Fund offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by Australian Securities and Investments Commission. Investors may be unable to get some or all of their money back when the investor expects or at all and any investment of the Fund are not comparable to investments with banks, finance companies or fund managers. The Fund’s identification statement may be viewed at https://adf.brisbanecatholic.org.au/identification-statement or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence.