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Is my money/shares secured with ICFAL?
- ICFAL as a registered co-operative under the C-operatives Act 1992 with the Registry of Co-operatives, NSW must lodge an annual return.
- All financial matters and other Co-operative activities are being audited periodically including an annual audit conducted by an independent professional and authorized auditor prior to the AGM.
- In addition to submitting an annual return for each financial year and since its inception in 1998, ICFAL has complied with detailed audit requirements twice by the Registry of Co-operatives team of auditors.
- Moreover, most of the ICFAL funds are invested in real-estate properties therefore carrying a highly secured portfolio in the market. ICFAL dividend history shows that it has consistently maintained a positive return. However, members should be aware that like any other investment, past history cannot guarantee future returns.
- Members are permitted to check their financial record at any time by contacting the Co-operative office.
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