The Australian Prudential Regulation Authority (APRA) has released revised proposals on changes to the exemption order under the Banking Act 1959 for religious charitable development funds (RCDFs). In recognition that many RCDFs have structured aspects of their religious and charitable operations in a manner that relies on funds from retail investors, and that alternative regimes would be administratively burdensome and impede their religious and charitable activities, APRA is no longer proposing to withdraw the exemption order for RCDFs. Instead, it is proposed that current exemptions are extended subject to additional conditions.