What does Baplink do?
Baplink offers loans to:
- Queensland Baptists Churches
- Registered Queensland Baptists Pastors
- Ministries affiliated with Queensland Baptists
Loans provided by Baplink contribute to:
- Building new Queensland Baptists Churches
- Extending and renovating existing Queensland Baptists Churches
- Building and maintaining Christian Schools and Childcare Facilities
- Supporting community welfare projects
How does Baplink support Queensland Baptists Churches?
- Transactional accounts for Queensland Baptists Churches, Pastors, Ministries and Affiliates.
- Online access through BAPNET and access using Apple and Android phones via the BAPAPP.
- Kingdom Offset Accounts to offset Queensland Baptists Church interest.
- Implementation, Setup, Training and Ongoing Support for Xero Accounting Software.
- Queensland Baptists Ministry Grants.
How can I as an individual partner with Baplink?
- Open a Fixed Term Investment.
- Open a Kingdom Offset Account to offset interest payments for a Queensland Baptists Church loan.
In order to offer these accounts, Queensland Baptists has entered into an “intermediary authorisation” agreement under s911A(2)(b) of the Corporations Act 2001 (Cth) with Theta Asset Management Ltd ACN 071 807 684 AFSL 230920 (Theta Asset Management) under which Theta Asset Management has been appointed to arrange for the issue, variation and disposal of Kingdom Offset Accounts by Queensland Baptists. Theta Asset Management has also appointed Queensland Baptists (Authorised Representative number 1253438) and Robert Chapman (Authorised Representative number 1253437), the manager of Baplink, as authorised representatives of Theta Asset Management in relation to dealing in Kingdom Offset accounts.
Condition 11 of Banking Exemption No 1 2017
Queensland Baptists (the Fund) is not prudentially supervised by the Australian Prudential Regulation Authority.
Therefore, 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.
Investments in the Fund are intended to be a means for investors to support the charitable purposes of the Fund.
ASIC Corporations (Charitable Investment Fundraiser) Instrument 2016/813
Queensland Baptists is required by law to notify investors that:
- the investment is only intended to attract investors whose primary purpose of making their investment is to support the charitable purposes of Queensland Baptists;
- investors may be unable to get some or all of their money back when the investor expects or at all; and
- the investment is not comparable to investments with banks, finance companies or fund managers.
General Advice Warning
The information contained in this presentation is of a general nature only and has been prepared without taking account of any person’s objectives, financial situation or needs. Persons considering investing with Queensland Baptists should consider the appropriateness of the investment in light of their own circumstances and read the documentation and the Identification Statement before making a decision. Queensland Baptists is not licensed to provide financial product advice in relation to these investments. Investors do not have a cooling-off period within which to withdraw their investment if they change their mind.
If you employ staff, you need to implement an electronic payroll system (e.g. Xero) to send the data to the ATO.
Please contact our Xero team on firstname.lastname@example.org if you wish to discuss what Single Touch Payroll (STP) means for your church.