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1. NEW SERVICES:

a)BPAY

BPAY is available through BIFOnline under the `Transact' drop-down menu. Information and the terms of this product are available in our Product Disclosure Statement.

b) BIFOnline Business Internet account service for Church, Organisation and business clients Click here to download BIFOnline Business package.

c) BPay Biller Free setup & without any transaction costs for the first 6 months for Church and other business clients establishing this service with BIF in 2007. Payments can be made from Credit/Debit card accounts, savings and cheque accounts. Contact your State Office of BIF for ideas on how this service may assist your Church or business.

2. Total Assets under management at 31 July 2008 exceed $160 million plus a further $4.8 million managed through induemoney Cheq accounts.

3. BIF Presentation available on DVD or VHS Video:

A presentation on the ministry of BIF runs for 7.5 minutes. Contact us to obtain a free copy for your Church, organisation, or your home group - or arrange a BIF representative to visit and explain the range of services and the benefits that you will receive from investing with BIF - and the benefits that Baptist ministry can share in also!!

4. BIF Electronic Offering Certificate:

Below is a copy of the Certificate which is available for the use of Churches and individuals using a BIF account for an electronic offerings option for their congregations.

- Join the growing number of Churches using this facility & see our April 2005 Newsletter for more details!

5. Australian Financial Services Licence

On 18 June 2007 an Australian Financial Services Licence (AFSL), Number 311062, was issued to BIF by the Australian Investments & Securities Commission - view our AFSL No 311062 details Online.

The AFSL was extended on 1 July 2008 and authorises BIF:
- to provide financial product advice for deposit, payment and non-cash payment products;
- to deal in financial products;
- to apply for, acquire, vary or dispose of deposit, payment and non-cash payment financial products on behalf of another person;
to wholesale and retail clients.
(Non-Cash Payment Products include internet account access, direct entry electronic funds transfers, periodical payments, direct debits, payments to third parties and the issue of cheque instruments on accounts.).

6. Investment Products released 31 July 2007

Business Savings Online Accounts at Call

Our Business Savings Online accounts at Call offer very competitive interest rates up to 7.40% pa for Church & other business investors who need funds to be available at call. This account is only available by using our BIFOnline internet account access service.

Funeral Savings Account

Our Funeral Savings accounts offer an interest rate of 6.25pa for individual investors who would like to put funds aside specifically for their funeral expenses.

See the `Investment Accounts' section of the website for more details of these new products