FOR RELEASE 1ST JULY
For more information
Time has come for you to take control
VillageMall Web Superfund provides a complete
for Australian DIY Superfund Trustees and Members.
Brisbane, Australia,- JULY 2005 - VillageMall®, the
premier provider of Web-based applications, launched
fund. VillageMall® provides a range of standardised services to small and
medium business owners, the launch of Web Superfund extents these
Business Solutions to meet the business owner or employees
personal solution requirements. Based upon VillageMall's existing,
tried and proven
service, VillageMall Web
fund delivers best practice
Solutions to the Self and Managed Super Fund (SMSF) trustee
and members for a single
fund is a
unique on-line solution designed to simplify the task of managing
and administering Australian Self Managed Superannuation funds.
provides you with the means to
take control of your DIY Super Fund and assist in lowering your
overall cost of compliance, while providing a platform to obtain
real-time professional advise.
full featured, one-stop-solution in a single integrated
application to help you run, manage and report on your fund. As an
online application service, you can exploit the use of
professional service providers (investment advisors, accountants,
tax agents, and auditors), as much or as little as you require. As
you would expect Web
is able to produce a full set of compliance accounting reports,
including your funds tax return.
"Running a DIY Superfund has been a back office or end of
year activity for many Trustees or Members. They have typically
left the 'details' to their accountant, who is most likely is also
their auditor, and simply consider compliance as yet another
government process which has to be endured. In our experience it
was not unusual to find many funds had only a token Investment
strategy, if any at all. As more and more people are getting
closer to retirement, they look at their super in a
different light. The first thing they realise is that it is
their Superannuation and that they need to take control...
There is a lot of truth behind the saying 'Out of sight , out of
believes that providing full online access to all Superfund
members, while providing real-time access to advisors; such as
accountants, investment advisors, and auditors is the only way to
move control back to fund members.
has successfully pioneered superior ways of developing and
deploying Business Solutions, we have applied the same principles
to the provision the DIY Superfund Solutions; resulting in
commented Charles Moore.
your DIY Superfund online today for the new 2005/6 financial year.
- Peace of mind knowing that
your reporting and documentation will comply with the
ever-changing statutory requirements
- A dramatic reduction in
operating and processing costs
- As an online service, no
hardware or software upgrades
- All members/trustees may
have secure online access, this is essential to ensure all
members know what is happening to their funds, anywhere
- Provide secure online access
to advisors, accountants or auditors, no more file transfers
or having no access at all to your fund information.
- Single yearly service fee.
- Pay your own pension online
(just like your internet banking), to meet your
SuperFund service saves you
time and money, while giving you back control of your fund.
- Includes support for the
2005/6 regulations and changed ATO tax return forms.
functionality combined with ease of use
- Based upon full feature
Ledger, enterprise accounting, including
automatic member ledgers
- Recording of Minutes to
- Analysis of Performance and
- Integrated Investment
Manager for shares/Unit Trusts/Funds
- Powerful Corporate Actions
functionality including mergers, de-mergers and dividend
- Integrated Asset Management
for properties, including depreciation
- Calculates CGT on Sale of
Assets, using one of three ATO methods, includes online CPI
tables for Indexed method.
- Includes, smart selection of
CGT methods based upon latest ATO rules, also use inbuilt
"what-if" to see the effects of ATO methods on the CGT
- Segregate Assets to specific
- Support for Gov
- Ability to allocate income
to members by inbuilt formulae, user entered, or actuary
- Ability to handle pension
funds and funds with members in both accumulation and
- Extensive pension
- Eligible Termination Payment
and Reasonable Benefit Limit forms and calculations
- Management reports including
investment, member and surcharge summaries for all funds
- Uniquely, Web
Super Fund is built upon
our proven Web Ledger
enterprise accounting engine, with standardised
chart-of-accounts; allowing normal Profit and Loss reports
to provide member reports, rather than proprietary
processes. Additionally this removes the need for auditors
and accountants to learn special Superfund processes.
- Investment Strategy
- Fund Members' Contribution
- Full set of financial
statements including Balance Sheet, Operating Statement,
Cash Flow Statements, Trustees' Statement, and Annual
Trustee meeting minutes or resolutions
- Includes the latest set of
superfund changes (over 50 changes since 2204/5 year)
Access To Data, Information & Documents
You can use the service, wherever you have access to a computer
– at home, in the office, or on the road. VillageMall is
registered as meeting the requirements of the Australian
Tax Office for “Storage of Paper Records in Electronic
Form” this provides you the confidence your electronic
records will be accepted as part of any future audit.
pioneer, in secure
web-based applications for
to Medium business (5 to 250
is a privately held company, founded in 1999 and is headquartered in
For more information please contact
us, or visit the company Web site at www.villagemall.com.au.