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GIC Holdings Pty Limited (GICH)/ANDAR Holdings

Graziers’ Investment Company Limited's (GIC) aim is to maximise profits for shareholders. It receives no direct levy funding.

The principal operating company of GIC owned via its wholly owned subsiduary GIC Holdings Pty Limited (GICH) is ANDAR which is a manufacturing business in New Zealand – visit their website for more information. Also see the following documents for more information about ANDAR.

About ANDAR's business Page 1 (PDF, 232kb)
About ANDAR's business Page 2 (PDF, 527kb)

The remaining activities managed through GICH are to meet its obligation to the IWS Pension Fund and manage the wind down of IWS.

Company structure

GIC offers shareholders significant advantages over the AWRAP structure which was superseded on 1 January 2001.

	Pre 1 January 2001	Post 1 January 2001
Nature of entity	AWRAP was a Statutory Marketing Authority under Government control.	GIC is a Corporations Act Company owned and controlled by shareholders.
Accountability to woolgrowers	The Board of AWRAP was appointed by the Federal Government.	The GIC Board is accountable to shareholders. Shareholders will receive annual reports, audited financial statements and may vote at general meetings. All GIC directors are required to stand for election by rotation.

Companies constitutions

GIC Constitution (PDF, 217kb)
GICH Constitution (PDF, 241kb)

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