sec.289What is an authorised investment

### sec.289 What is an authorised investment An authorised investment , for a pool of mortgages, is any of the following— a bond, debenture, stock or Treasury bill of the Commonwealth or a State; a debenture or stock of a public statutory body established under an Act of the Commonwealth or a State; a note or other security of the Commonwealth or a State; a deposit with, or a certificate of deposit or another security issued by, a financial institution; a bill of exchange, promissory note or other negotiable instrument accepted, drawn or endorsed by a financial institution; an asset-backed security or mortgage-backed security. s 289 amd 2002 No. 65 s 3 (2) sch (retro) - (a) a bond, debenture, stock or Treasury bill of the Commonwealth or a State; - (b) a debenture or stock of a public statutory body established under an Act of the Commonwealth or a State; - (c) a note or other security of the Commonwealth or a State; - (d) a deposit with, or a certificate of deposit or another security issued by, a financial institution; - (e) a bill of exchange, promissory note or other negotiable instrument accepted, drawn or endorsed by a financial institution; - (f) an asset-backed security or mortgage-backed security.