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RBA Glossary definition for securities

securities – A financial instrument which represents a claim over real assets or a future income stream. Such instruments are usually tradeable. Examples of securities include bonds, bills of exchange, promissory notes, certificates of deposit and shares.

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Australia's Retirement Income System: Implications for Saving and Capital Markets

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
Malcolm Edey and John Simon. September 1996. 145. KB. This paper was commissioned by the National Bureau of Economic Research for a Conference on Privatising Social Security, held in Cambridge, Massachusetts
https://www.rba.gov.au/publications/rdp/1996/9603/

References

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
Department of Social Security (1983), ‘Developments in Social Security: A Compendium of Legislative Changes Since 1908’, Development Division Research Paper No. ... 20. Department of Social Security (1992), ‘Later Life Provision: A Survey of Older
https://www.rba.gov.au/publications/rdp/1996/9603/references.html

Impact on Saving

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
The Task Force is jointly sponsored by the Treasury, Department of Finance, and Department of Social Security. ... Survey-based evidence on this issue is provided by the Department of Social Security (1992).
https://www.rba.gov.au/publications/rdp/1996/9603/impact-on-saving.html

Appendix A: Further Details

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
In the 1960s and 1970s rules existed which required superannuation funds to invest a minimum of 30 per cent of their assets in government securities, but these rules are no longer
https://www.rba.gov.au/publications/rdp/1996/9603/appendix-a.html

Basic Features of the Australian System

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
This gives rise to a quasi-contractual set of unfunded liabilities of the social security system for future pensions. ... security schemes in other countries.
https://www.rba.gov.au/publications/rdp/1996/9603/basic-features-of-the-australian-system.html

Background and Objectives

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
Footnotes. For a discussion of this history, see Department of Social Security (1983) and Gruen (1985).
https://www.rba.gov.au/publications/rdp/1996/9603/background-and-objectives.html

Role of Superannuation in the Financial Sector

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
Superannuation funds invest primarily in securities while the traditional core business of banks is in non-securitised lending. ... From Table 5, around $40 billion, or 15 per cent of superannuation assets are currently held as bank securities or
https://www.rba.gov.au/publications/rdp/1996/9603/role-of-superannuation-in-the-financial-sector.html