sec.44Category 1 investment power

### sec.44 Category 1 investment power Category 1 investment power is the power to invest in all or any of the following— deposits with a financial institution; investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this paragraph; an investment arrangement with a rating prescribed under a regulation for this paragraph; other investment arrangements prescribed under a regulation for this paragraph. However, the investment must be— at call; or for a fixed time of not more than 1 year. s 44 amd 1994 No. 31 s 6 sch 2 sub 1996 No. 54 s 8 amd 2003 No. 12 s 10 (sec.44-ssec.1) Category 1 investment power is the power to invest in all or any of the following— deposits with a financial institution; investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this paragraph; an investment arrangement with a rating prescribed under a regulation for this paragraph; other investment arrangements prescribed under a regulation for this paragraph. (sec.44-ssec.2) However, the investment must be— at call; or for a fixed time of not more than 1 year. - (a) deposits with a financial institution; - (b) investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; - (c) other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; - (d) investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this paragraph; - (e) an investment arrangement with a rating prescribed under a regulation for this paragraph; - (f) other investment arrangements prescribed under a regulation for this paragraph. - (a) at call; or - (b) for a fixed time of not more than 1 year.