DomaCom has integrating its platform with a leading self-managed super fund administration solution, BGL Corporate Solutions.
This integration means that SMSF’s can now receive an automated transactional data feed from the DomaCom platform into their Simple Fund 360 software.
BGL provides SMSF administration services to 60% of Australia’s 600,000 SMSFs, and has introduced a seamless data interface with DomaCom which will allow the SMSFs to use the DomaCom Fund’s products within the single interface.
This major milestone was built upon the ATO ruling on downsizer contributions last year, according to DomaCom. The ruling confirmed that part disposal of a home for downsizer contributions, so a person can release a part of their home under DomaCom’s Senior Equity Release platform and be eligible to make a downsizer contribution.