Australian Immigration Daily News

Derivatives have been added to a revised SIV regime which is set to commence on 23 November 2013 which will operate to limit investments in complying managed funds to the following:
 
(a)          infrastructure projects in Australia;
(b)          cash held by Australian deposit taking institutions (including negotiable certificates of deposit, bank bills and other cash-like instruments);
(c)           bonds issued by the Commonwealth Government or a State or Territory Government;
(d)          bonds, equity, hybrids or other corporate debt in companies and trusts listed or expected to be listed within 12 months on an Australian Stock Exchange;
(e)          bonds or term deposits issued by Australian financial institutions;
(f)           real property in Australia;
(g)          Australian Agribusiness;
(h)          annuities issued by an Australian registered life company in accordance with section 9 or 12A of the Life Insurance Act 1995;
(i)            derivatives used for portfolio management and non-speculative purposes which constitute no more than 20 per cent of the total value of the managed fund;
(j)           loans secured by mortgages over the investments listed in paragraphs (a) to (h) above; and
(k)          other managed funds that invest in the investments listed in paragraphs (a) to (j) above.
 
Further details are contained at the following ComLaw link.