Document ID: chunk:federal_register_of_legislation:F2023L01267:reg:4
Version: federal_register_of_legislation:F2023L01267
Segment Type: reg
Provision Reference: reg 4
Character Range: 777–2153

4  Purposes of managed fund investments
  For paragraph 5.19B(2)(c) of the Regulations, the specified purpose of an investment in a managed fund is investing in any of the following managed fund investments:
 (a) an infrastructure project in Australia;
 (b) cash held by an Australian deposit taking institution (including negotiable certificates of deposit, bank bills and other cash-like instruments);
 (c) a bond issued by the Commonwealth government or a State or Territory government;
 (d) a bond, equity, hybrid or other corporate debt in a company or trust listed or expected to be listed within 12 months on the Australian Stock Exchange;
 (e) a bond or term deposit issued by an Australian financial institution;
 (f) a real property in Australia;
 (g) an investment in the Australian agribusiness;
 (h) an annuity issued by an Australian registered life company in accordance with section 9 or 12A of the Life Insurance Act 1995;
 (i) a derivative used for portfolio management and non-speculative purposes which constitutes no more than 20 per cent of the total value of the managed fund;
 (j) a loan secured by a mortgage over an investment mentioned in paragraph (a), (b), (c), (d), (e), (f), (g) or (h) of this section;
 (k) a managed fund that invests in an investment mentioned in paragraph (a), (b), (c), (d), (e), (f), (g), (h), (i) or (j) of this section.