- Introduction
- Environment Working Group
- Refugee and Migrant Working Group
- Diocesan Financial Advisory Group
- Defunct Working Groups
Diocesan Financial Advisory Group
MEMBERSHIP
Members of the Diocesan Financial Advisory Group (DFAG) have a broad range of skills and experience earnt from working in an executive capapcity in the accounting, auditing, finanicla, risk and funds management professions. Thesy also have a borad understanding of the Anglican church through their active participation in parish and Diocesan activities.
DFAG is chaired by Michael Codling, a senior partner in PricewaterhouseCoopers (Sydney).
Other members include:
Mr Brian Dixon (Perth)
Mr Geoff Ferguson
Mr Martyn Mitchell
Mr Grant Reubenicht (Adelaide)
RECENT HAPPENINGS
There have been some recent Submissions by the Anglican Church of Australia to the Government, in relation to the regulation of Not-For-Profit Organisations and Charities:-
The Exposure Draft for the Australian Charities and Not-for-Profits Commission Bill 2012
Click here to view the Submission by the Sydney Diocese, submitted 25 January 2012
Click here to view the Submission by the General Synod Office on behalf of the Anglican Church of Australia, submitted 25 January 2012
Review of Not-for-Profit Governance Arrangements - Consultation Paper
Click here to view the Submission by the Sydney Diocese, submitted 25 January 2012
Click here to view the Submission by the General Synod Office on behalf of the Anglican Church of Australia, submitted 25 January 2012
Exposure Draft inserts for the Tax Laws Amendment (2011 Miscellaneous Measures) Bill (No. 1) 2011: tax exempt body 'in Australia" Requirements, submitted on 15 August 2011
Click here to view the Submissions by the Sydney Diocese and the General Synod Office (on behalf of the ACA), submitted 15 August 2011
Better Targeting of Not-For-Profit Tax Concessions - Consultation Paper, submitted on 7 July 2011
Click here to view the Submissions by the Sydney Diocese and the General Sydney Office (on behalf of the ACA), submitted 7 July 2011
RESOURCES
DFAG has produced a range of resources for Anglican dioceses that can be downloaded:
Diocesan Investment Funds - Governance Guidelines
DFAG has also provided downloadable resources for Anglican dioceses on Diocesan Investment Funds. These downloads are shown below:
Background
DFAG was formed in April 2000 by the Standing Committee of General Synod. Its role is to advise the General Synod on financial developments within the Diocese of the Church and to assist with identifying and addressing any financial difficulties which may arise from time to time.
According to its terms of reference, DFAG may assist Dioceses by:
DFAG is engaged in a range of activities including the development of:
DFAG played a key role in the Diocesan Accountant's Conference, 20-23 July 2004 and the Finance Manager's Conference, 18-21 July 2005.
MEMBERSHIP
Members of the Diocesan Financial Advisory Group (DFAG) have a broad range of skills and experience earnt from working in an executive capapcity in the accounting, auditing, finanicla, risk and funds management professions. Thesy also have a borad understanding of the Anglican church through their active participation in parish and Diocesan activities.
DFAG is chaired by Michael Codling, a senior partner in PricewaterhouseCoopers (Sydney).
Other members include:
Mr Brian Dixon (Perth)
Mr Geoff Ferguson
Mr Martyn Mitchell
Mr Grant Reubenicht (Adelaide)
RECENT HAPPENINGS
There have been some recent Submissions by the Anglican Church of Australia to the Government, in relation to the regulation of Not-For-Profit Organisations and Charities:-
The Exposure Draft for the Australian Charities and Not-for-Profits Commission Bill 2012
Click here to view the Submission by the Sydney Diocese, submitted 25 January 2012
Click here to view the Submission by the General Synod Office on behalf of the Anglican Church of Australia, submitted 25 January 2012
Review of Not-for-Profit Governance Arrangements - Consultation Paper
Click here to view the Submission by the Sydney Diocese, submitted 25 January 2012
Click here to view the Submission by the General Synod Office on behalf of the Anglican Church of Australia, submitted 25 January 2012
Exposure Draft inserts for the Tax Laws Amendment (2011 Miscellaneous Measures) Bill (No. 1) 2011: tax exempt body 'in Australia" Requirements, submitted on 15 August 2011
Click here to view the Submissions by the Sydney Diocese and the General Synod Office (on behalf of the ACA), submitted 15 August 2011
Better Targeting of Not-For-Profit Tax Concessions - Consultation Paper, submitted on 7 July 2011
Click here to view the Submissions by the Sydney Diocese and the General Sydney Office (on behalf of the ACA), submitted 7 July 2011
RESOURCES
DFAG has produced a range of resources for Anglican dioceses that can be downloaded:
| Model Diocesan Audit Committee Charter | The role and responsibilities of an Audit Committee | March 2008 |
| Diocesan Audit Committee - Illustrative Work Plan | How to organise an Audit Committee | March 2008 |
| Establishing a Risk Management Framework | Pre-conference information | October 2006 |
| International Financial Reportings Standards (IFRS) | Letter to Registrars | 21 June 2005 |
| AIFRS Presentation: Impact and Response | Financial Managers Conference 2005 | July 2005 |
| Implications of AIFRS on Diocesan Financial Statements | Comparison of Accounting Standards | 12 June 2005 |
| Presentation Questions and Answers | Financial Managers Conference 2005 | July 2005 |
| AIFRS Hedge Accounting | Financial Managers Conference 2005 | July 2005 |
| AIFRS Model Diocesan Accounts | Financial Managers Conference 2005 | July 2005 |
| Diocesan Deposit and Development Funds | Financial Managers Conference 2005 | July 2005 |
| Diocesan KPIs - Key Issues | Powerpoint Notes | August 2004 |
| Diocesan KPIs - Summary Table |  | August 2004 |
| Diocesan KPI - Discussion Paper | | November 2002 |
| Review of Diocesan Accounts | Diocesan Accountants Conference | July 2004 |
| Guide to Accounting Standards | Summary of AASB 1010, 1021, 1041 | July 2004 |
| Guide to Accounting Standards | A discussion paper on financial reporting | April 2004 |
| Towards More Effective Investment Management | Discussion paper | August 2003 |
Diocesan Investment Funds - Governance Guidelines
DFAG has also provided downloadable resources for Anglican dioceses on Diocesan Investment Funds. These downloads are shown below:
| Diocesan Investment Funds | Goverance Guidelines | February 2009 |
| Anglican Community Fund (Inc) | Constitution | 12 August 2004 |
| Balanced Growth Fund - Diocese of Melbourne | Information Memorandum | 8 December 2006 |
| Investment Policy Statement - Diocese of Brisbane | Diocesan Investment Committee | 27 August 2008 |
| Balanced Growth Fund - Diocese of Melbourne | Policy and Administration Manual | February 2003 |
Background
DFAG was formed in April 2000 by the Standing Committee of General Synod. Its role is to advise the General Synod on financial developments within the Diocese of the Church and to assist with identifying and addressing any financial difficulties which may arise from time to time.
According to its terms of reference, DFAG may assist Dioceses by:
- establishing an appropriate framework for the regular review of the publicly available accounts;
- assessing their existing financial reporting and recommend improvements;
- providing advice on managing their finances and assets, including appropriate organisational and decision-making structures, when necessary;
- identifying and determining the extent of potential financial difficulties, and recommending how these can be contained and redressed;
- recommending persons who could assist with financial reporting and asset managment when DFAG is unable to assist.
DFAG is engaged in a range of activities including the development of:
- discussion papers that raise awareness of financial management issues of interest and importance to Diocesan managers;
- a suitable 'benchmark' against which Diocesan accounts and other financial information can be compared; and
- key performance indicators that could serve as an 'early warning' system that would alert Dioceses of potential financial difficulties.
DFAG played a key role in the Diocesan Accountant's Conference, 20-23 July 2004 and the Finance Manager's Conference, 18-21 July 2005.