April 4 (Reuters) - Authorised Investment Fund Ltd AIY.AX :
* UPDATES ON NON-BINDING TERM SHEET WITH SPARTACARD
* AIY DECIDED THAT IT WILL NOT BE PROCEEDING WITH TRANSACTION AFTER UNDERTAKING DUE DILIGENCE ON SPARTACARD PTY LTD
April 4 (Reuters) - Authorised Investment Fund Ltd AIY.AX :
* UPDATES ON NON-BINDING TERM SHEET WITH SPARTACARD
* AIY DECIDED THAT IT WILL NOT BE PROCEEDING WITH TRANSACTION AFTER UNDERTAKING DUE DILIGENCE ON SPARTACARD PTY LTD