Australian United Investment Company Limited


Investment Policy

AUI is an investment company which seeks, through portfolio management, to reduce risk and improve income from dividends and interest over the longer term.

AUI's funds are invested predominantly in shares of companies listed on the ASX.

Investments are purchased or subscribed for on the basis of the directors' assessment of their individual prospects for income and growth.  The directors do not invest by reference to any pre-determined policy that any particular proportions of the capital will be invested in particular investment sectors.

Dividends paid for each of the full financial years since 1993 are as follows:
                      Year
 

Cents Per Share
 

                      1992/93 7.5
                      1993/94 8.0
                      1994/95 8.5
                      1995/96 10.5
                      1996/97 11.0
                      1997/98 11.5
                      1998/99 12.0
                      1999/00 12.5
                      2000/01 13.0
                      2001/02 13.5
                      2002/03 14.0
                      2003/04 15.0
                      2004/05 17.0
                      2005/06 19.5
                      2006/07 23.0
                      2007/08 25.0
                      2008/09 25.0
                      2009/10 25.5
                      2010/11 26.5
                      2011/12 28.0
                      2012/13 29.5
                       2013/14 32.0
List of Directors

Charles Goode
Charles Goode AC, B.Com (Hons) (Melb), MBA (Columbia), Hon LLD (Melb), Hon LLD (Monash).  Age 75, Appointed April 1990. Mr Goode is the Chairman of the Boards of Diversified United Investment Limited (since 1991), The Ian Potter Foundation Limited (governor since 1987) and Flagstaff Partners Pty Ltd (since 2010).  Formerly he was a director of Australia and New Zealand Banking Group Limited (1991 - 2010, Chairman 1996 - 2010) and Woodside Petroleum Limited (1988 - 2007, Chairman 1999 - 2007) and Grosvenor Australia Properties Pty Limited (Chairman 2008 - 2012).

John  Rose
John Rose AO, B.Com (NZ), DipEc (Camb), PhD (Melb),  Hon D.Bus (Melb). Age 78, Appointed April 2000. Dr Rose is a governor of The Ian Potter Foundation Limited (since 2000).  Formerly he was the Sidney Myer Professor of Commerce and Business Administration of the University of Melbourne, a Director of The Melbourne Business School, and a director of Woodside Petroleum Ltd (1990 until 2005).

Peter Wetherall
Peter Wetherall B.E. Hons (Qld), B.A. Hons (Oxon). Age 58, Appointed November 2001.  Mr Wetherall has 32 years experience in the Australian sharemarket as a stockbroker and funds manager. He was the founder and Managing Director of Wallara Asset Management Pty Ltd (1995 to 2012).  He is Chairman of the Company's Audit Committee.

James Craig
James Craig B.Ec/LLb (Hons) (Adel), LLM (Melb). Age 49, Appointed October 2009. Mr Craig is Chairman of Cell Care Australia Pty Ltd, Lifestyle Communities Limited, Murdoch Childrens Research Institute, River Capital Pty Ltd and Trinity College (University of Melbourne).    He is Chairman of the Company's Nomination and Remuneration Committee.  From 2003 to 2007 he was CEO of Macquarie Capital and Chairman of Macquarie Bank Ltd in Europe.  He was founding CEO of Macquarie European Infrastructure Funds (MEIF) and then Chairman of the MEIF Investment Committee.  From 1998 to 2002, he was Head of Macquarie Bank's global natural resources advisory business.

Fred Grimwade
Fred Grimwade B.Com/LLB (Hons) (Melb), MBA (Columbia), FAICD.  Age 56, Appointed March 2014.  Mr Grimwade  is Principal and a Director of Fawkner Capital Management Pty Ltd.  Mr Grimwade is currently Chairman of Fusion Retail Brands Pty Ltd and CPT Global Limited and a Director of XRF Scientific Limited, Troy Resources Limited and Select Harvests Limited.  Formerly he held senior executive positions with Colonial First State Investment Group, Colonial Mutual Group, Western Mining Corporation and Goldman, Sachs & Co.

Corporate Governance Statement

Please click here to view the Company's Corporate Governance Statement

Please click here to view the Company's Policy for dealing in Company Securities

Constitution

Please click here to view the Company's Constitution