BBY - Self clearing changes

Based upon past experience, VillageMall expects that the change from BSL to BBY self clearing will cause data feed availability issues. We will try our best to minimise the effect on client portfolio's.

It is expected, that the change over will occur on the first Monday of December, this will also be the first day when operational data is available from BBY self clearing; hence our Quality Assurance process cannot be completed, until at least two weeks after this date.

During this time, VillageMall will be collecting all data, and while there may be a period where daily client portfolio access is not available, we will process and correct any clearing data.

It is expected, VillageMall will be able to merge all existing BBY/BSL portfolio client data (including Stonebridge), with the new BBY self clearing data to create a complete end of year tax pack from the 30th June 2011.

Any existing client portfolio's with data pre-30th June 2011, will continue to have access to this data, all other clients will have pre-june 2011 data removed.

It is recommended that any clients who require a copy of their 2010-2011 tax pack; to print, and retain, within their local records, before the end of November 2011.

Any questions regarding the BBY self clearing, please contact BBY trade support.

Broker Admin->enhancements

The following new features are available within the Broker Admin Console:

• Contact VillageMall Support: provides a direct interface into our Product Acton Request database, used by our Development group. This service is available 24*7.
• Issues: Provides access to VillageMall Technical issues which aaffect any VillageMall service.
• News: provides details of any system changes, new features or service releases which affect any VillageMall Service.

Reduced capacity

24th August 2011 @7:30AM
Due to a system issue, VillageMall services will be running at reduced capacity.

24th August 2011 @12:43AM
All core services, back to full capability, some tempory load sheading will occur.

Expected return to full capacity
31st August 2011

31st August 2011 @2:43PM
Full capacity restored.

Advisor Enhancements

Advisors will have a new "My Advisor" menu item.
This will allow two functions:

• Summary-> Client Daily Summary data
• Multi-portfolio security search

BBY advisors, will be able to view all clients daily summary data, not just the current lite accounts.
Advisors from non BBY accounts should contact their broker to enable this feature.

The multi-portfolio  search function will allow an advisor to find accounts with current holdings of a specific security, and display the current CHESS holding details.

SMSF 2011 TAX RETURN

VillageMall has received approval from the Australian Taxation Office for paper lodgement of the following 2011 forms and schedules:

• 2011 SMSF Annual Return
• 2011 Capital Gains Tax (CGT) Schedule

VillageMall has also received approval from the Australian Taxation Office for the electronic lodgement (ELS approval) of the following 2011 forms and schedules:

• 2011 SMSF Annual Return (Form MS)

2011 TAX CHANGES
2011 SMSF Annual Return
Supervisory Levy
In the 2011-12 Federal Budget, the government announced an increase in supervisory levy from $150 to $180 from 1 July 2010. Section D, Label H has been updated to reflect this change.

Release Date
It is expected that subject to ATO ELS stability, 2011 SMSF tax returns can be processed from 1st September 2011.

SMSF 30th June 2011, APIR Unit Trust Prices

As per previous years, the 30th June 2011, unit prices for most APIR Unit trusts will not be available until the end of July or first week of August for some funds.

Unit Prices will be available, to all SMSF and Full portfolio services, as they are received.

1st August 2011: All prices updated and available.

Lite->Portfolio tax pack availability

The tax pack report within Lite->Portfolio->"2011 Report" link is scheduled to be available from Friday the 8th July 2011.

Clients should check the period of each report, as some clients data is only available for a part of the year, due to a new account, missing data feed or errors when transferring off market securities.

In the case of any missing data, you should contact your broker or advisor directly.