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Identity & Purpose
Our Identity
The Lutheran Laypeople’s League of Australia Incorporated (LLL) was established in 1921 as a servant to the Lutheran Church of Australia Incorporated (LCA).
The LLL is incorporated under the Associations Incorporation Act of South Australia (1985) as amended. The LLL has a single office situated at 175 Archer Street, North Adelaide.
The LLL Australian Business Number as issued by the Australian Taxation Office is 25 044 678 441.
LLL is registered with the Australian Taxation Office as an endorsed Income Tax Exempt Charity under Subdivision 50-B of the Income Tax Assessment Act 1997.
Our Purpose
The Lutheran Laypeople’s League of Australia Incorporated is a religious, charitable, not for profit organisation which exists to serve the LCA (also referred to as the ‘Church’) embracing the Districts of the LCA, with word and deed in business and financial matters.
LLL receives deposits from members and supporters of the LCA constituency and these funds are used to provide ministry support to the LCA. The transactions entered into by the LLL in relation to its core activities are predominantly of three types:
- Administration of depositors’ funds involving deposits, withdrawals and interest credited to depositors where applicable (some deposits are made non interest bearing at the discretion of the depositor).
- Provision of loans to the LCA that meet strict criteria and financial parameters set by the LCA. This involves drawdowns, repayments and interest charges.
- Investment of funds on the financial market in the form of fixed interest and capital secure investments.
These transactions take place on a non-commercial basis whereby interest rates and margins are governed with the intent of providing optimal benefit for charitable purposes while covering costs and safeguarding assets. The LLL only operates within Australia.