Federal Register of Legislation - Australian Government

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IMMI 12/117 Specifications as made
This instrument operates to specify eligible managed fund investments.
Administered by: Immigration and Border Protection
Registered 23 Nov 2012
Tabling HistoryDate
Tabled HR26-Nov-2012
Tabled Senate26-Nov-2012
Date of repeal 23 Nov 2013
Repealed by Migration Regulations 1994 - Specification of Eligible Managed Fund Investments - IMMI 13/092

Commonwealth of Australia


Migration Regulations 1994




(Regulation 5.19B)


I, CHRIS BOWEN, Minister for Immigration and Citizenship, acting under subregulation 5.19B(2)(c) of the Migration Regulations 1994 (‘the Regulations’) hereby:


1.         SPECIFY the following investments in managed fund investments for the purposes of paragraph 5.19B(2)(c) of the Regulations:


            (a)        infrastructure projects in Australia;


            (b)        cash held by Australian deposit taking institutions;


(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 on any Australian Stock Exchange;


(e)        bonds or term deposits issued by Australian financial institutions;


(f)        real estate in Australia;


(g)        Australian Agribusiness; and


(h)        other ASIC regulated managed funds that invest in the above list of investments.


This instrument, IMMI 12/117, commences on 24 November 2012, immediately after the commencement of the Migration Amendment Regulation 2012 (No. 7).



Dated             22 November              2012


                                                                 Chris Bowen


                                           Minister for Immigration and Citizenship


[NOTE 1:  Subregulation 5.19B(1) of the Regulations provides that an investment by a person (the investor) is a complying investment if all of the requirements in this regulation are met.

NOTE 2:   Subregulation 5.19B(2) of the Regulations provides that investment must consist of one or more of the following: (a) an investment in a government bond (however described) of the Commonwealth, a State or Territory; or (b) a direct investment in an Australian proprietary company that meets the following requirements: (i) the company is not listed on an Australian stock exchange; (ii) the company has not been established wholly or substantially for the purpose of creating compliance with this paragraph; (iii) the investment is an ownership interest in the company; or (c) an investment in a managed fund (directly or through an investor directed portfolio service) for a purpose specified by the Minister in an instrument in writing for this paragraph.]