Frequently asked questions
The information on this web page is a guide only. Potential investors in QTC’s designated investments should refer to the application form and accompanying terms and conditions.
QTC is a corporation sole incorporated in Queensland, Australia. As the State’s corporate treasury services provider, our role is to implement the operational functions of a corporate treasury for the benefit of our customers and the State. QTC is not prudentially regulated in respect of the Designated Investments issued by it. Payment of interest, and payment of principal on maturity, is guaranteed by the State of Queensland.
See the following pages for more information about QTC:
The Queensland Bonds offered by QTC satisfy the criteria of a Designated Investment under the following programs administered by the Department of Immigration and Border Protection:
- Business Skills Migration
- Investor Sponsored Migration
- Investor Retirement Migration
For more information about Designated Investments, please refer to the Department of Immigration and Border Protection.
Please refer to the Department of Immigration and Border Protection and the Queensland Government’s skilled business migration website for the amount you are required to invest.
Any fees incurred as a result of transferring funds to QTC must be paid by the investor. Please confirm the costs involved with your financial institution.
The interest rate is determined by QTC having regard to prevailing market rates on the date of receipt of the full amount of the investment funds. The interest rate applicable remains fixed for the term of the investment.
Interest rates are updated monthly by QTC. Indicative daily interest rates can be obtained by contacting QTC’s registry, Link Market Services Limited (Link). View current interest rates.
The Queensland Government guarantees the payment of interest and the repayment of principal at maturity.
No. QTC does not charge any up-front or ongoing fees relating to the investment.
Interest and principal payments are paid by direct credit to an Australian Bank, Building Society or Credit Union account. If, at the time of the investment you cannot provide Australian banking details, these details may be provided later to Link.
Australia has an interest withholding tax regime. QTC strongly recommends that investors seek independent professional Australian tax advice or contact the Australian Taxation Office prior to purchasing the Bonds.
To access QTC’s Designated Investments application form, please see the pull-out box on the top right-hand side of this page. If you would prefer an application form to be posted to you, contact Link (details are below).
Yes. Your application cannot be processed until one of these sections is completed. The section that you are required to complete is based on your personal tax situation and residency status. For further information on Tax File Numbers and exemptions, please contact the Australian Tax Office.
Once Link confirms that the funds have been received into QTC’s Bank account, and it has received all original documents, the following will occur:
- Link will endeavour to process your application promptly (usually within one business day),
- Link will issue a Certificate of Inscription confirming the investment details (usually within 7 to 10 business days), and
- Link will also send your signed immigration form to the Department of Immigration and Border Protection, who will then process the applicable form and contact you.
Once you receive confirmation that the investment has started all enquiries are to be directed to Link (details are below).
If you have changed your address, contact details or banking information, you need to notify Link.
Link Market Services
Level 12, World Square
680 George Street
Sydney NSW 3000
or by mail
Link Market Services Limited
PO Box 3722
Rhodes NSW 2138
Phone: 1800 777 166 (freecall within Australia)
Phone: +61 1800 777 166 (calling outside Australia)
Application form: Designated Investment In Queensland Bonds