Sales Proceeds

Sales Proceeds

The Sales Proceeds Policy applies to all congregations and their associated activities within the bounds of the Synod of New South Wales and the ACT.

Entities and activities specifically excluded from this policy are:

• Synod Boards, entities directly under their oversight and related activities;
• Uniting Financial Services;
• Presbyteries and related activities;
• Community services activities of Parish Missions.

All sales proceeds including interest earnings on sales proceeds can only be used for capital works.

“Capital works” is defined as projects which produce, expand or redefine durable resources that will better facilitate the Church’s service delivery and mission, resources, which in themselves have a lasting value.

This includes but is not limited to expenditure on land, buildings, construction and major additions or alterations, capital equipment, intellectual property, ministry and leadership, discipleship training, a new mission program developed by a congregation according to its Presbytery approved mission plan, a church owned business activity, a new community service and research and development.

For detailed information, including permissible uses, sinking funds, use of sales proceeds for purposes other than expenditure on land, buildings and construction, and tithing on sales proceeds, see the Property Manual Section 4 Selling Property.