What is an authorised investment
130G What is an authorised investment
An authorised investment, for a pool of financial assets, is any of the following—
a bond, debenture, stock or Treasury bill of the Commonwealth or a State;
a debenture or stock of a public statutory body established under an Act of the Commonwealth or a State;
a note or other security of the Commonwealth or a State;
a deposit with, or a certificate of deposit or another security issued by, a financial institution;
a bill of exchange, promissory note or other negotiable instrument accepted, drawn or endorsed by a financial institution;
an asset-backed security or mortgage-backed security.
This Act’s bill:Explanatory memorandum
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