6Prescribed property

6 Prescribed property

(1)  For the purposes of paragraph (c) of the definition of mortgage-backed security in section 3 of the Act, and paragraph (b) of the definition of pool of mortgages in section 3 of the Act, the following property is prescribed property:

(a) cash;

(b) bonds, debentures, stock or Treasury Bills, of a government authority;

(c) debentures, or stock, of a statutory authority constituted under the law of a government authority;

(d) notes or other securities of a government authority;

(e) deposits with authorised deposit-taking institutions;

(f) certificates of deposits, or other securities, issued by an authorised deposit-taking institution;

(g) bills of exchange, or promissory notes or other negotiable instruments, accepted, drawn or endorsed by an authorised deposit-taking institution;

(h) a guaranteed investment contract, expressed in Australian currency, of a type approved by the Commissioner;

(i) mortgage-backed securities.

(2)  For the purposes of subregulation (1)  –

government authority means –

(a) the Government of the Commonwealth; or

(b) the Government of Tasmania or another State; or

(c) the Administration of a Territory;

statutory authority means a body or authority, whether incorporated or not, that is established or constituted under a written law or under the royal prerogative, being a body or authority which, or of which the governing authority, wholly or partly comprises a person or persons appointed by the Governor, a Minister or another statutory authority, but does not include an Agency within the meaning of the .