Subregulation 5.19A(1) of the Migration Regulations provides that, subject to subregulation 5.19(2), the Minister may, by legislative instrument, specify a security issued by an Australian Government State or Territory government authority as a security in which an investment is a designated investment for the purposes of a Part of Schedule 2 to the Migration Regulations.
Source: LIN23018.pdf and LIN23018-Explanatory-Statement.pdf