Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 44

44 Category 1 investment power

(1) Category 1 investment power is the power to invest in all or any of the following—

(a) deposits with a financial institution;

(b) investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution;

(c) other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution;

(d) investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this paragraph;

(e) an investment arrangement with a rating prescribed under a regulation for this paragraph;

(f) other investment arrangements prescribed under a regulation for this paragraph.

(2) However, the investment must be—

(a) at call; or

(b) for a fixed time of not more than 1 year.