Queensland Consolidated Regulations

EDUCATION AND CARE SERVICES NATIONAL REGULATIONS - REG 194

194 Investment of Authority Fund

For the purposes of section 277 of the Law, the National Authority may invest the Authority Fund—

(a) on deposit with any bank; and

(b) in securities of the Commonwealth or of a State or Territory; and

(c) in securities guaranteed by the Commonwealth or a State or Territory; and

(d) in any other manner that—

(i) is consistent with sound commercial practice; and

(ii) minimises the probability of capital losses over a 12 month period of investment—