Statutory Bodies Financial Arrangements (Investment) Amendment Regulation (No. 1) 1994 (Qld)

Queensland Subordinate Legislation 1994 No. 306 Statutory Bodies Financial Arrangements Act 1982 STATUTORY BODIES FINANCIAL ARRANGEMENTS (INVESTMENT) AMENDMENT REGULATION (No. 1) 1994 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 2 (Definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s3 Statutory Bodies Financial Arrangements (Investment) Amendment (No. 1) No. 306, 1994 ˙ Short title 1. This regulation may be cited as the Statutory Bodies Financial Arrangements (Investment) Amendment Regulation (No. 1) 1994 . ˙ Regulation amended 2. This regulation amends the Statutory Bodies Financial Arrangements (Investment) Order 1993 . ˙ Amendment of s 2 (Definitions) 3. Section 2, definition “prescribed rating” — omit, insert— ‘ “prescribed rating” means— (a) for an institution, security or investment rated for the short term— (i) if rated by Standard & Poor’s Ratings Group—a rating of A.1+ or A.1; or (ii) if rated by Moody’s Investors Service Pty Ltd—a rating of Prime–1 (P.1); or (iii) if rated by Standard & Poor’s Ratings Group and Moody’s Investors Service Pty Ltd—ratings of A.1+ or A.1 and Prime–1 (P.1), respectively; or (b) for any other investment rated by Standard & Poor’s Ratings Group—a rating of AAm or above 1 .’. 1 The rating of AAm applies to investments referred to in financial markets as cash mutual funds. Even though this rating uses long-term symbols, the investment may not be made for longer than 1 year unless the Treasurer’s approval under the proviso to section 48(1) of the Act is obtained.

3 Statutory Bodies Financial Arrangements (Investment) Amendment (No. 1) No. 306, 1994 ENDNOTES 1. Made by the Governor in Council on 18 August 1994. 2. Notified in the Gazette on 19 August 1994. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1994