BapLink is not subject to the following requirements.
- To have a “Disclosure Document” or “Product Discourse Statement” (PDS)
- To be registered or have a trust deed under the Corporations Act 2001
- The scheme has not been examined or approved by the Australian Securities and Investment Commission (ASIC). However, BapLink will deliver audited financial statements to ASIC each year
- Neither “The Baptist Union of Queensland” (controlling entity) nor “BapLink” (the fund) is prudentially supervised by the Australian Prudential Regulation Authority (APRA)
- Contributions to the fund do not obtain the benefit of the depositor protection provisions of the Banking Act 1959.
BapLink accounts and schemes are designed for investors who wish to promote the charitable purposes of The Baptist Union of Queensland and its constituted Churches for whom the considerations of profit are not of primary relevance.