Governance
Legal Status
The DDF is a fund vested in the ‘Roman Catholic Trust Corporation for the Diocese of Rockhampton’, a body incorporated under the provisions of the Religious Educational and Charitable Institutions Act 1861 (Qld). The Bishop exercises the control and management of the Fund with the assistance of the DDF Committee and the Financial Administrator.
DDF Committee
The DDF Committee meets on a regular basis, usually monthly. It is advisory in nature and operates within the broader canonical governance structure of the Catholic Diocese of Rockhampton.
The DDF Committee ensures that the activities of the Fund comply with all relevant laws, regulations and statutes and that those activities maintain the highest standards of ethical and commercial practice. It is guided by those laws, regulations and statutes, either State or Federal, which would apply to a financial organisation offering services similar to those offered by the Fund, notwithstanding that those laws or statutes may not apply to the Fund due to its special status.
The responsibilities of the Committee include setting and monitoring strategies; monitoring risks of the Fund; approval and recommendation of new loans; review and monitoring of compliance with policies and the review of the annual performance of the DDF.
The Committee comprises persons with various expertise and experience in the following areas:
- Governance;
- Accounting, banking and/or financial markets;
- Civil and canon law;
- Business and commerce; and
- Education, health and aged care.
Committee Members
Anthony Zanda BBus FCPA CTA
Tony is an accountant with over 20 years’ experience as the Principal in his own Public Practice providing tax compliance and business advisory services to Australian Businesses. Tony is the Chair of the DDF Committee, having served on the committee since November 2012.
Fr Donald White
Fr Don is the Vicar General for the Catholic Diocese of Rockhampton and the Parish Priest for Bundaberg. With a demonstrated history of governance, financial administration, and canon law knowledge within the Diocese, Fr Don has served on the DDF Committee since 2015.
Greg Smith BBus CPA
Greg is the Finance Manager at an ASX Listed Regional Bank. He joined the DDF Committee in May 2021 after previously serving on the committee from November 2012 until August 2013.
Justin Power BEcon MSusDev
Justin is a Projects and Business Improvement Partner who has extensive management experience in the fields of finance, project management, and business and economics consultancy. Justin has served on the DDF Committee since 2006.
Dale Grounds BA GradDip Fin Admin MBA MAICD
Dale is the CEO of an Approved Deposit Taking Institution based in Central Queensland, a Company Director of another Approved Deposit Taking Institution and has been on the DDF Committee and/or DFC since December 2016.
Auditors
- PricewaterhouseCoopers
Solicitors
- Thynne & Macartney
Bankers
- Westpac Banking Corporation