ELIGIBILITY CRITERIA
Companies who are listed on the ASX or NZSE (or any other exchange as approved by the AIRA Board) are eligible to join the Association as a corporate member. The member entity nominates a representative who is the primary contact with the Association. In addition, the member entity is able to nominate as many employees as it feels relevant as 'additional representatives'. Additional representatives are eligible to receive the same benefits of membership as the primary contact. Other individuals whom an entity might like to nominate as alternative representatives include employees involved in the investor relations function, Board Members, CEOs, CFOs, Company Secretaries, and those involved in Public Relations, Public Affairs and Marketing.
Corporate Members have voting rights.
Unlisted companies are able join as corporate members on the basis that they are going to list. The lowest fee level is applicable to any unlisted company wanting to join until such time that they list. After listing, AIRA's ordinary fee structure applies.
HOW TO JOIN
To join the Association as a Corporate Member you will need to complete a membership application form and return it to the AIRA Secretariat. This can be done either online or you can print a pdf version of the form and return it by fax to (02) 9872 9200.
To apply for Corporate Membership online, please click here.
To download a Corporate Membership application form in pdf format, please click here.
To download the AIRA Code of Conduct, please click here.
BENEFITS
To download the document outlining the benefits of AIRA membership click here .
With more than 129 corporate members, the Australasian Investor Relations Association is dedicated to helping listed entities achieve excellence in investor relations. Our corporate membership category offers a variety of information tools and educational offerings which are available free or at a special member rate to members. These include:
Information and Knowledge
AIRA provides a myriad of information tools that assist members to keep abreast of investor relations and disclosure issues. Corporate Members have access to:
- a bi-monthly newsletter;
- a members only website area that includes free downloads of all AIRA released material including archives to webcast of past luncheon briefings (also available for podcast download), survey results, submissions and best practice guidelines;
- a Directory of Service providers; and
- a Corporate Member Only Calendar that allows company's to publish key dates to assist with the future planning of financial results announcement, site tours and roadshows.
AIRA also conducts or commissions a number of important industry surveys on relevant and topical issues such as "The Role and Practice of Investor Relations Across Australian Listed Entities" and an annual survey on "Investor Relations Remuneration".
Representation
AIRA is positioned as the only industry body representing the collective views of listed entities on issues regarding continuous disclosure and governance to government, regulatory bodies, the media and the investment community.
Education, Training and Professional Development
AIRA recognises the importance of formal education and professional development for individuals involved in the investor relations or related functions within listed entities. Throughout 2008, AIRA hosted:
- a series of luncheon briefings which were free for members to attend. Topics have included: Managing Market Expectations; Australian Companies to Engage US Investors; Post Annual Reporting Communication; Short Selling & Stock Lending; Global Trends in Investor Relations; Environmental, Social & Governance Seminar; AIRA (in conjunction with ASX) Consensus Estimates Seminar and Equity Capital Raisings: Lessons Learnt & Practical Tips.
- the Annual AIRA Conference and Australasian Investor Relations Awards. This is the Association's signature event and provides the largest gathering of investor relations professional in Australia and New Zealand.
In addition, there were 35 individuals who graduated from the Diploma of Investor Relations Course that is run annually in Sydney and Melbourne. There are numerous other individuals who have completed the course and have registered to sit the exam. This is the only specialised investor relations training course that awards a qualificiation in Australasia.
AIRA also delivers specialised investor relations programs that cater for the needs of micro, small and mid cap companies and separately, those of large cap companies. Based on increased training demands of our members we are now branching into specialised in-house training on disclosure and disclosure-related issues.
We are continually striving to enhance our professional development program to ensure that our members are kept fully informed of the regulatory environment, investor relations best practice and of other valuable information which they can apply in their day-to-day roles.
Networking
AIRA provides a number of forums where members are able to share experiences and exchange views. We host regular meetings for corporate members only in all major capital cities in Australia and in Auckland, New Zealand. In addition, the importance of networking is acknowledged when developing seminar and conference programs.
FEES
Corporate Membership fees are based on a sliding-scale depending on the entity's market capitalisation. Rankings are calculated on your company's market capitalisation* ranking as at close of business on the Friday prior to lodgement of the membership application form. Fees have been set as follows:
- A company ranked within the ASX Top 20 | $7,500 (plus GST)
- A company ranked within the ASX 31 to 50 | $6,050 (plus GST)
- A company ranked within the ASX 51 to 100 | $4,200 (plus GST)
- A company ranked within the ASX 101 to 150 | $2,450 (plus GST)
- A company ranked within the ASX 151 - 200 | $1,200 (plus GST)
- A company ranked outside the ASX 200 | $600 (plus GST)
- Unlisted company who is looking to list | $600 (plus GST)**
The membership period is from 1 July to 30 June.
*Market Capitalisation is based on ASX rankings (i.e. total number of shares on offer X by share price) and NOT on S&P/ASX Index inclusion or ranking.
**After listing the fee structure will revert to the ordinary fee structure for a listed company.