DESIGNATED SECURITIES
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Commonwealth legislation
This Act has been repealed and is no longer in force. It is retained for historical reference.
This instrument updates the list of government-backed bonds that count towards visa investment requirements. It tells visa applicants (typically those applying for business or investor visas) which State and Territory government securities they must invest in to satisfy immigration financial rules.
What it does:
Why it matters: If you're applying for a visa that requires holding a designated security (such as certain investor or retirement visas), your money must be invested in bonds issued by one of these four authorities. Investing elsewhere won't count toward your visa requirements.
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Direct links to the current provisions in Migration Regulations 1994 - Specifications of Designated Securities - IMMI 07/065.
I, KEVIN ANDREWS, Minister for Immigration and Citizenship, acting under regulation 1.03 and sub-regulation 2.26C(1) of the Migration Regulations 1994 (‘the Regulations’), hereby
(1) REVOKE the Instrument signed on 19 June 2001, which took effect on 29 June 2001, specifying designated securities for the purposes of sub-regulation 2.26C(1) of the Regulations; and
(2) SPECIFY securities issued by the following State or Territory Government Authorities as a security in which an investment is a designated security for the purposes of the Regulations:
New South Wales Treasury Corporation
Queensland Treasury Corporation
South Australian Government Financing Authority
Northern Territory Treasury Corporation
This Instrument, IMMI 07/065, commences on 1 September 2007.
Date 28 August 2007
KEVIN ANDREWS
Minister for Immigration and Citizenship
[NOTE (1): Regulation 1.03 provides that a designated security means an investment in a security specified under sub-regulation 2.26C(1).
NOTE (2): Sub-regulation 2.26C(1) provides that the Minister may specify, by notice in the Gazette, a security issued by an Australian State or Territory government authority as a security in which an investment is a designated security for the purposes of Part 8 of Schedule 6A.]
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
I, KEVIN ANDREWS, Minister for Immigration and Citizenship, acting under regulation 1.03 and sub-regulation 2.26C(1) of the Migration Regulations 1994 (‘the Regulations’), hereby
(1) REVOKE the Instrument signed on 19 June 2001, which took effect on 29 June 2001, specifying designated securities for the purposes of sub-regulation 2.26C(1) of the Regulations; and
(2) SPECIFY securities issued by the following State or Territory Government Authorities as a security in which an investment is a designated security for the purposes of the Regulations:
New South Wales Treasury Corporation
Queensland Treasury Corporation
South Australian Government Financing Authority
Northern Territory Treasury Corporation
This Instrument, IMMI 07/065, commences on 1 September 2007.
Date 28 August 2007
KEVIN ANDREWS
Minister for Immigration and Citizenship
[NOTE (1): Regulation 1.03 provides that a designated security means an investment in a security specified under sub-regulation 2.26C(1).
NOTE (2): Sub-regulation 2.26C(1) provides that the Minister may specify, by notice in the Gazette, a security issued by an Australian State or Territory government authority as a security in which an investment is a designated security for the purposes of Part 8 of Schedule 6A.]