Establishment of Investment Facility Dealing Panel

9 February 2007

Op Notice No. 01/2007

The Australian Office of Financial Management (AOFM) is establishing an investment facility that will invest in a variety of short-term Australian dollar denominated debt instruments, including bank accepted bills, negotiable certificates of deposit and commercial paper. It is anticipated that the facility will become operational before end-June 2007.

The funds to be managed through the facility will be in excess of $2 billion and represent monies invested by the AOFM on behalf of the Communications Fund.

The purpose of the Communications Fund is to provide an income stream to fund the Australian Government’s response to reviews of the adequacy of telecommunications services in regional, rural and remote parts of Australia. The reviews are prepared by the Regional Telecommunications Independent Review Committee.

In relation to this facility the AOFM will establish an investment dealing panel. The AOFM invites applications from interested parties to join the investment facility dealing panel. A key criterion for investment facility dealing panel membership is that panel members be Authorised Deposit-Taking Institutions regulated by the Australian Prudential Regulation Authority.

Further details concerning the eligibility criteria and documentation for investment facility panel membership is available on the AOFM website at http://aofm.gov.au/cash-management-and-investments/investment-facility/.

The closing date for the first round of applications is 15 March 2007.

Enquiries: (02) 6263 1137

Last updated: 21 March 2014