Prop Corp is bound by governance and legislation to ensure your money is secure. Prop Corp safeguards you money in the following ways...

• Safe as churches - your savings are secured by a substantial portfolio of church and partner department properties and funds. Loans to churches are secured against church land titles.
• Prudential trusteeship - Prop Corp is governed by Conference elected Trustees that look after your savings by closely monitoring each church loan to ensure the finance and property requirements are being prudentially managed.
• Strong cash reserves- liquidity is assured through adequate loan to deposit ratios, reserve funding and provisions for bank secondary lending.
• Conference backed – Prop Corp is part of the Churches of Christ in Victoria and Tasmania.
• Strong track record – As Trustee for Churches of Christ since 1941, Prop Corp has a solid record for managing investments and deposits for churches, departments and individuals.
• Government legislated – Prop Corp is constituted under an Act of Parliament.
• Government monitored - our depositor scheme operates under special charity provisions of the Corporations Law monitored by Australian Securities and Investments Commission (ASIC).

Prop Corp and Prudential Regulations

Investors should be aware that deposits invested with the Properties Corporation are not subject to the normal requirement to have a disclosure document or Product Disclosure Statement and be registered or have a trust deed under the Corporations Act 2001. The depositors’ scheme is not required to be examined or approved by the Australian Securities and Investments Commission. Deposits lodged with the Properties Corporation are designed for investors who wish to promote the charitable purposes of the Churches of Christ Properties Corporation and for whom the consideration of profits are not of primary relevance in the investment decision. Neither the controlling entity nor the Fund is prudentially supervised by APRA. Contributions to the Fund do not obtain the benefit of depositor protection provisions of the Banking Act 1959.