The security for former section 31 (4) of the Act , must be—
(a) a certificate of deposit issued by a financial institution; or
(b) a commercial bill; or
(c) a contract of insurance issued by a person authorised to carry on insurance business under the Insurance Act 1973 (Cwlth) ; or
(c) a letter of credit issued by a financial institution; or
(d) a surety issued by a financial institution.