March 5 (Reuters) - Authorised Investment Fund Ltd AIY.AX :
* ENTERS INTO NON-BINDING TERM SHEET TO ACQUIRE 30% OF SPARTACARD
* TOTAL CONSIDERATION FOR 30 PERCENT INTEREST IN SPARTACARD IS $5.7 MILLION
March 5 (Reuters) - Authorised Investment Fund Ltd AIY.AX :
* ENTERS INTO NON-BINDING TERM SHEET TO ACQUIRE 30% OF SPARTACARD
* TOTAL CONSIDERATION FOR 30 PERCENT INTEREST IN SPARTACARD IS $5.7 MILLION