4Purposes of managed fund investments

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.