Commonwealth Numbered Regulations

FINANCIAL MANAGEMENT AND ACCOUNTABILITY REGULATIONS 1997 No. 328 - REG 22

22. For paragraph (d) of the definition of authorised investment in subsection
39 (8) of the Act, the other forms of investment are:

   (a)  a bill of exchange accepted or endorsed only by a bank; and

   (b)  a professionally managed money market trust if the Minister is
        satisfied that:

        (i)    its investments are only those mentioned in paragraph (a), (b)
               or (c) of the definition of authorised investment in subsection
               39 (8) of the Act or paragraph (a); and

        (ii)   no charge over the assets of the trust is incurred in support
               of borrowings.