The permitted classes of investment are:

  1. Cash
  2. Australian Fixed Interest

Qualifications on these investment classes:

  1. All investments shall be denominated in Australian dollars.
  2. Fixed rate securities shall not exceed three years to maturity.
  3. Floating rate securities shall not exceed 10 years to maturity.

The following class of investment is explicitly excluded:

  1. Derivatives.

The permitted classes of investment are:

  1. Cash
  2. Australian Fixed Interest

Qualifications on these investment classes:

  1. All investments shall be denominated in Australian dollars. The fund’s liquidity requirements will be managed by an investment in the Cash Common Fund.
  2. Fixed rate securities shall not exceed five years to maturity.
  3. Floating rate securities shall not exceed 10 years to maturity.

Security lending arrangements in relation to authorised investments are permitted.

The following class of investment is explicitly excluded:

  1. Derivatives.

The permitted classes of investment are:

  1. Cash
  2. Australian Fixed Interest
  3. Inflation-linked Securities

Qualifications on these investment classes:

  1. All investments shall be denominated in Australian dollars.
  2. The fund’s liquidity requirements will be met by investment in the Cash Common Fund.
  3. Fixed rate securities and inflation-linked securities shall not exceed 15 years and 25 years to maturity, respectively.
  4. Inflation-linked securities shall be restricted to consumer inflation or average weekly earnings-linked securities issued by the Commonwealth Government, State Governments or the Government of the Northern Territory, and securities issued by other parties where the payments to holders of the securities are guaranteed by these governments.
  5. Security lending arrangements in relation to authorised investments are permitted.

The following class of investment is explicitly excluded:

  1. Derivatives.

The classes of investment are:

  1. Cash
  2. Australian equities
  3. Derivatives

Qualifications on these investment classes:

  1. Fund liquidity requirements shall be met by investment in the Cash Common Fund.
  2. Investments in Australian Equities shall be limited to securities of companies and trusts listed on the Australian Stock Exchange, and to unlisted securities in companies and trusts where the intention is for these securities to be listed within six months of investment.
  3. Small capitalisation companies, defined as those outside the Top 100 Sector of the Australian Stock Exchange’s All Ordinaries Index, shall not exceed 20% of the fund’s assets.
  4. Underwriting is permitted only where the Public Trustee has made a firm subscription to a new issue and the amount underwritten does not exceed the subscription amount.
  5. Underwriting as an investment instrument is prohibited.
  6. Security lending arrangements in relation to authorised investments is permitted.
  7. Investments in financial derivatives specifically relating to the investments of the fund are permitted for the purpose of:
  1. investment of funds; or
  2. hedging or otherwise managing the risk of the fund.

The classes of investment are:

  1. Cash
  2. Property
  3. Infrastructure

Qualifications on these investment classes:

  1. Fund liquidity requirements shall be met by investment in the Cash Common Fund.
  2. Investments in property comprise securities of companies and trusts that are either listed or unlisted.
  3. Investments in listed and unlisted infrastructure trusts are permitted in the fund.
  4. Underwriting is permitted only where the Public Trustee has made a firm subscription to a new issue and the amount underwritten does not exceed the subscription amount.
  5. Security lending arrangements in relation to authorised investments are permitted.
  6. Investments in financial derivatives specifically relating to the investments of the fund are permitted for the purpose of:
  • investment of funds; or
  • hedging or otherwise managing the risk of the fund.