Cash management trusts are:

Select one:

a. funds that draw members from a range of employers across a single industry (or group of related industries) and are usually established under an agreement between parties to an industrial award.

b. managed funds that invest in wholesale money-market securities such as short- and medium-term Commonwealth government securities, international government securities and banking and corporate debt, both national and international.

c. superannuation entities where the sponsoring employer is a government agency or a business enterprise that is majority government-owned.

d. funds that offer superannuation products to the public on a commercial for profit basis.