This is the first E.P. from the band → ↑ → (pronounced as three clicks, often written incorrectly as Tsk Tsk Tsk or Tch Tch Tch)called Venitian Rendezvous released in april 1979.
The cover is a fold around single paper sheet and the single has a blank label with a 33third written in texta on presumabably the a side ... DiY :)
I think this is a second pressing as indicated by cover notes.
→ ↑ → was an Australian experimental music project formed in Melbourne in 1977 and led by Philip Brophy. Aside from performing music the project displayed artwork, made films and plays, and wrote literature.
Clifton Hill's Community Music Centre was the base for Philip Brophy's project, → ↑ →. Sometimes compared to Andy Warhol's Factory collective, the group provided experimental music (Brophy on drums or synthesiser), films, videos, and live theatrical performances exploring his aesthetic and cultural interests, often on a minimal budget. Musically the group touched upon a wide range of experimental styles including minimalism, punk rock, muzak, krautrock and disco, usually with no vocalist. (info from wiki)
A good article from Brophy appears in ratsack fanzine posted here.
Check out www.philipbrophy.com for details on post → ↑ → work..
Download ep here
Some other → ↑ → (tsk tsk tsk) stuff is on the mutant sounds blog and worth checking is the terse tapes compilation "One Stop Shopping" from the good folk at severed heads.