Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 289

289 What is an authorised investment

An
"authorised investment" , for a pool of mortgages, is any of the following—

(a) a bond, debenture, stock or Treasury bill of the Commonwealth or a State;

(b) a debenture or stock of a public statutory body established under an Act of the Commonwealth or a State;

(c) a note or other security of the Commonwealth or a State;

(d) a deposit with, or a certificate of deposit or another security issued by, a financial institution;

(e) a bill of exchange, promissory note or other negotiable instrument accepted, drawn or endorsed by a financial institution;

(f) an asset-backed security or mortgage-backed security.