Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 45

45 Category 2 investment power

Category 2 investment power is the power to invest in all or any of the following—

(a) if the investment is at call or for a fixed time of not more than 1 year—an investment arrangement with a rating prescribed under a regulation for section 44 (1) (e) ;

(b) if the investment is at call or for a fixed time of not more than 3 years—

(i) deposits with a financial institution; or

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

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

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

(c) if the investment is for a fixed time of not less than 1 year and not more than 3 years—an investment arrangement with a rating prescribed under a regulation for this paragraph;

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