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We support new ventures carried on within private companies ("Supported Ventures") and we have established Unlisted Investment Companies - "UICs", which are private companies or unlisted public companies.
Our UICs are owned by numerous investors, and administered by us to keep overheads to a minimum. The UICs invest in a portfolio of ventures with the Boards making all buy/sell decisions. This methodology is simple and relatively cheap to operate, maximises the skills needed to be successful, spreads the risk for investors and on average, over time, should lead to solid investment returns.
We have two types of UICs -
- Foundation UICs - these are offered to investors to provide foundation investments for their portfolios. These are - AusFirst Capital Limited ACN 091 945 443, AusFirst Microfund Limited ACN 098 751 752, Save Australia Campaign Pty Ltd ACN 092 057 808, and Barter Innovation Fund Pty Ltd ACN 116 980 968. These intend to continue investing in the long term and provide investors with the opportunity to buy into an existing portfolio of some of our core Supported Ventures.
- 567 UICs - Our "567 Plan" provides for the UICs to raise money and invest for 5 years during which time any profits from dividends or sales will be returned to investors as dividends, and in years 6 & 7, the investment companies will opportunistically sell down all investments and return capital and profits to investors with the intent to fully pay out by approximately the end of year 7. The Industry 567s invest in a number of venture companies all active in a particular industry. AusFirst AgriChain Ventures Limited is an industry based UIC and intends to invest in ventures which value add agricultural products or save on farm costs and has a Prospectus open now.
Foundation UICs
AusFirst Microfund Limited
Our micro investment company which currently holds shares in BioCane Limited, Baby Bliss International Limited, Cease-Fire Technologies Limited, Ezy Plastering Group Pty Ltd, Microlok Corporation Limited, Impact Network Limited, Kool Ideas Pty Ltd, KT Tannery Pty Ltd, and Nucleon Pty Ltd, affording shareholders a spread of investments at a modest entry level.
AusFirst Capital Limited
AusFirst Capital Limited (ACN 091 945 443) is our Pooled Development Fund. The federal government allows Pooled Development Funds generous tax benefits for investing in Australian inventions, technologies and new business. We pay only 15 percent company tax, and shareholders pay no tax on their dividends or on capital gains.
AusFirst Capital Limited currently holds shares in 8 companies -- Cease-Fire Technologies, Dolphst Pty Ltd, Harcourt Engine, Liquilan Australia, Baby Bliss International, Ezy Plastering Group, Nucleon Pty Ltd and Quick Cuisine Pty Ltd.
AusFirst Capital's largest single shareholder is Save Australia Co-operative Limited amongst a total of about 130 shareholders.
Barter Innovation Fund Pty Ltd
Barter Innovation Fund buys goods and services for the ventures using barter dollars in exchange for their shares
Save Australia Campaign Pty Ltd
holds 20% of Foltainer project and various other investments.
Industry 567s
AusFirst Agri Chain Limited
AusFirst Healthcare Ventures Limited
Offer document being prepared.
