AUL FY2023 Investor Presentation
W&CM highlights subsequent to end of FY2023
Australian
Unity
Real Wellbeing
•
On 7 July 2023, Australian Unity Property Limited (AUPL), a wholly owned subsidiary of the Company and the
responsible entity of Australian Unity Diversified Property Fund (AUDPF), announced it had entered into a
Merger Implementation Deed with Cromwell Funds Management Limited, as the responsible entity of the
Cromwell Direct Property Fund (CDPF), to merge AUDPF and CDPF via a trust scheme to create an unlisted
merged fund
At the same time, the Company entered into a share sale agreement with Cromwell Corporation Limited (CCL)
pursuant to which CCL has agreed to acquire all of the issued shares in AUPL in connection with the proposed
merger
As announced to the market on 24 July 2023, the Group entered into an agreement to acquire all the shares of
friendly society IOOF Ltd and its ~ $1.1 billion investment bond business from the Insignia Financial group. This
acquisition is in line with the Group's strategic priority to provide innovative products and services and will
further strengthen our position as the market leader in investment bonds
Figures at 30 June 2023, unless otherwise noted
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