If you’re looking for a tax efficient way to support mission and outreach work with your funds, Steer Incorporated’s Steer 31 Account is well worth considering.

For as little as $1,000, or $500 for students or people under 18 years of age, you can invest in a Steer 31 Account. The Steer 31 Account is a debenture issued by Baptist Financial Services Limited (“BFS”) on an interest free basis. BFS will use these funds to make loans to Steer. Steer then invest your funds in term deposits, first mortgage secured loans or bank bills.

Steer then periodically distributes the earnings gained on your loan to Christian mission and outreach organisations.

As a mission supporter you can suggest the mission organisations you would like to benefit from the earnings through our Steer 31 Account.

A Steer 31 Account has no fixed period. Should you need to withdraw your loan (in part or whole), we will refund it with 31 days written notice (effective from 1st January 2017).

Information about the key features and the terms and conditions of the Steer 31 Account can be found in the following documents:

For application forms, please contact us at or give us a call on 03 9899 6413

The way it works is – income earned by Steer Incorporated, from assets you loan to us is distributed tax free to missions and outreach whether in Australia or overseas.

Important Note:

The accounts and investments offered by BFS are debenture products and not deposit products. Baptist Financial Services Australia Limited (BFS) ABN 56 002 861 789 AFSL 311062 is a Registered Charity and issuer of the debenture products. BFS is not prudentially supervised by APRA. Therefore, an investor in our products will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. Investments in our products are intended to be a means for investors to support the charitable purposes of BFS. We are required by law to notify investors that our products are intended only to attract investors whose primary purpose is to support our charitable purposes, are not comparable to investments with banks, finance companies or fund managers, and investors may be unable to get some or all of their money back when they expect or at all. Persons should consider whether or not the debentures are appropriate for them.


The Steer Family and Discretionary Trust program is designed for people with trusts who wish to support mission and outreach with a minimum of effort.

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The Steer Rental Property program is designed for the owners of rental properties to support mission and outreach work in a more tax efficient way.

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The Steer Livestock program is designed for farmers involved in breeding livestock and dairy to support mission and outreach work in a more tax efficient way.

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The Steer Crop program is designed for farmers growing crops to support mission and outreach work in a more tax efficient way.

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Making a bequest to Steer is a great way to continue your life’s passions. A good way to think about it is as a fund that keeps giving long after your gone.

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