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The Vanguard Australian Fixed Interest Index ETF invests in a diversified portfolio of around 360 securities (bonds) issued by the Commonwealth Government of Australia, State Government authorities and treasury corporations, as well as investment-grade corporate issuers with a credit rating of BBB- or higher (by S&P or equivalent).
https://www.vanguardinvestments.com.au/retail/ret/investments/etfdetailVAFIIE.jsp
https://www.vanguardinvestments.com.au/retail/ret/investments/etfdetailVAFIIE.jsp