81Investment of assets

81 Investment of assets (1) The trustees of a scheme must ensure the assets of the scheme are invested exclusively in the following types of investments, which must be held and located in Australia: (a) cash; (b) cash equivalents (including debt instruments); (c) other types of investments the Minister specifies by Gazette notice after consulting with the Treasurer. (2) For subregulation (1)(b), a debt instrument includes securities (other than stocks that are equities) and other commercial paper. (3) However, a debt instrument only includes an instrument issued by or in relation to an entity that, at the time when the instrument is offered for sale for investment, is rated by Standard and Poor's or Moody's as investment grade.

Chapter 3 Fidelity fund schemes and approved schemes Part 3.4 Approved schemes – prudential standards