Commonwealth Numbered Regulations

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TELECOMMUNICATIONS (CONSUMER PROTECTION AND SERVICE STANDARDS) (COMMUNICATIONS FUND) REGULATIONS 2005 (SLI NO 213 OF 2005) - SCHEDULE 1

Assets

(regulation 4)

   

       1.       Securities of the Commonwealth, or of a State or Territory, to which paragraph (a) of the definition of financial asset in section 158ZF of the Act does not apply.

       2.       Securities guaranteed by the Commonwealth, a State or a Territory.

       3.       A deposit with a bank, including a deposit evidenced by a certificate of deposit.

       4.       A debt instrument issued or guaranteed by:

                (a)    the government of a foreign country; or

               (b)    a financial institution whose members consist of foreign countries, or of Australia and foreign countries;

                being a debt instrument with a credit rating that is consistent with the sound management of public debt.

       5.       A bill of exchange accepted or endorsed only by a bank.

       6.       A professionally managed money market trust if the responsible Ministers are satisfied that:

                (a)    the only investments managed by the trust are mentioned in item 1, 2 or 3; and

               (b)    a charge over trust assets does not support any borrowings by the trust.




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