My Money FAQ's

Do I get a statement for my tax return?

Yes our statements are issued for 6 monthly periods ending 30 June and 31 December every year and show interest earned for each period. An account history can be supplied on request at any time.

Can I make early withdrawals on Term Deposits?

Term Deposits are not payable until maturity. Where it is necessary for you to access your funds from a Term deposits prior to maturity, the account will be closed and a penalty will apply.

Can I make additional deposits or withdrawals?

Deposits at Call can be added to and withdrawn from at any time. However no withdrawals or deposits can be made to or from Term Deposits until maturity.

Can I have multiple accounts at no additional cost?

Yes, simply download an application form and send or fax to our office to open a new account.

Can I really start an account with as little as $100?

Yes! It’s that easy. Our accounts work best as savings accounts so we encourage you to keep adding to your savings as you go along.

What happens if I have a question about my account?

Speak to your account manager at Prop Corp between 9am to 4.30pm Monday to Friday. We are always ready to assist you. Loretta Yau, is available on phone 9488 8800 or contact now at Lyau@churchesofchrist.org.au.

When will I receive my interest payments?

Interest on your account is credited every 6 months on 1 July and 1 January. You can choose to accrue the interest to your account or be paid by cheque or direct deposit to your nominated bank account.

What are the current rates available?

Check our frequently updated rates board.

How can I check my balance?

You will receive bi-annual statements and additional transaction advice for each deposit or withdrawal. You can also call us during business hours on 9488 8800 to make account queries including your current balance.

Can I view the Product Disclaimer Statement?

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.