Australian United Investment Company Limited


Investment Policy

AUI is a listed investment company which specialises in Australian listed equities.  The Company's objective is to take a medium to long term view and to invest in a diversified portfolio of Australian equities which have the potential to provide income and capital appreciation over the longer term.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
                      2014/15 34.0
                      2015/16 34.0
                       2016/17 34.0
                       2017/18 35.0
 
List of Directors

Charles Goode
Charles Goode AC, B.Com (Hons) (Melb), MBA (Columbia), Hon LLD (Melb), Hon LLD (Monash).  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, Chairman since 1994) 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).

James Craig
James Craig B.Ec/LLb (Adel), LLM (Melb). Appointed October 2009. Mr Craig is Chairman of River Capital Pty Ltd and Cell Care Australia Pty Ltd, and a Director of Lifestyle Communities Limited and Australian Super.  He is Chair of the investment committee of Australian Super.    He is Chairman of the Company's Nomination and Remuneration Committee.

Fred Grimwade
Fred Grimwade B.Com/LLB (Hons) (Melb), MBA (Columbia), FAICD.  Appointed March 2014.  Mr Grimwade  is Principal and a Director of Fawkner Capital Management Pty Ltd.  Formerly he held senior executive positions with Colonial First State Investment Group, Colonial Mutual Group, Western Mining Corporation and Goldman, Sachs & Co.

Dion Hershan
Dion Hershan B.Com/B.Arts (Monash) MBA (Columbia).  Appointed April 2018.  Mr Hershan is Managing Director and Head of Australian Equities at Yarra Capital Management.  Mr Hershan has more than 20 years' finance industry experience.  Formerly he held senior executive positions with Goldman Sachs Asset Management, Citadel Investment Group (New York), Fidelity Investments (Boston) and Boston Consulting Group.

Corporate Governance

Corporate Governance Statement
Audit & Risk Management Committee Charter

Nomination & Remuneration Committee Charter
Continuous Disclosure Policy
Policy for dealing in Company Securities

Constitution

Please click here to view the Company's Constitution