Australian Capital Territory Numbered Regulations

CO-OPERATIVE SOCIETIES REGULATIONS (AMENDMENT) (NO. 1 OF 1986) - SCHEDULE 2

    SCHEDULE 2     Regulation 2AE

Column 1 Item	Column 2 Class of assets	Column 3 Percentage
1	Cash on hand		0.0
2	Deposits at call with a bank and investments in the short term money market		0.2
3	Deposits, not being deposits at call, with a bank where the term of the deposits is less than 2 years		0.2
4	Deposits, not being deposits at call, with a bank where the term of the deposits is not less than 2 years but is less than 5 years		1.0
5	Deposits, not being deposits at call, with a bank where the term of the deposits is not less than 5 years but is less than 10 years		5.0
6	Deposits, not being deposits at call, with a bank where the term of the deposits is not less than 10 years		10.0
7	Prescribed securities where the term of the securities is less than 2 years		0.2
8	Prescribed securities where the term of the securities is not less than 2 years but is less than 5 years		1.0
9	Prescribed securities where the term of the securities is not less than 5 years but is less than 10 years		5.0
10	Prescribed securities where the term of the securities is not less than 10 years		10.0
11	Primary loans secured by registered mortgage over freehold or leasehold land where the only building erected or to be erected on the land is a single residential unit		1.0
12	Primary loans secured by registered mortgage over freehold or leasehold land, not being loans of a kind referred to in item 11		2.0
13	Loans, not being primary loans, secured by registered mortgage over freehold or leasehold land		2.0
14	Loans secured against members' funds where the amount of each loan is equivalent to the amount held by the society to the credit of the relevant member		1.0
15	Loans secured by the assignment of life assurance policies where the amount of each loan is equivalent to the surrender value of the relevant policy		1.0
16	Loans secured by guarantee given by a bank		1.0
17	Loans secured by mortgage over securities issued by— (a)     the Government of the Commonwealth or of a State or internal Territory; or (b)     a public authority		1.0
18	Loans made against letters of credit issued or confirmed by a bank		1.0
19	Loans, not being loans secured in a manner referred to in another item, where each of the loans is secured to a value equivalent to the amount of the loan		5.0
20	Loans made without being secured in any manner, not being loans made to a subsidiary corporation of a society		10.0
21	Shares in a subsidiary corporation of the society or loans made to or other investments in a subsidiary corporation of the society where— (a)     the subsidiary corporation is engaged exclusively in the business of providing administrative or financial services or any other services prescribed by these Regulations for the purposes of section 37A of the Ordinance; and (b)     the loans or investments are not secured by mortgage over property to a value equivalent to the amounts of the loans or investments		10.0
22	Freehold and leasehold land and buildings occupied primarily by the society or a subsidiary corporation of the society		5.0
23	Freehold and leasehold land and buildings not occupied primarily by the society or a subsidiary corporation of the society, being— (a)     in the case of land—land that is being or is intended to be subdivided or developed by building construction for sale or lease; and (b)     in the case of buildings—buildings that are being or are intended to be built for sale, lease or rental		20.0
24	Freehold and leasehold land and buildings, not being land or buildings specified in items 22 or 23		10.0
25	Plant, equipment, vehicles, furniture and fittings and other personal property used in connection with the administration of the society		10.0
26	Prepaid expenses and accrued income on investments		0.0
27	Mortgage-backed securities issued by a corporation in which the Government of the Commonwealth or of a State or internal Territory is a member		1.0
28	Assets, not being assets included in a class of assets specified in any other item		50.0