Sydney, 30 July 2012 (ASX: BVA) - Bravura Solutions Limited
(Bravura), a leading global supplier of transfer agency and
wealth management software applications and related
professional services, is pleased to announce enhancements
to its Garradin private wealth and portfolio administration
solution to support clients with legislative change to
taxation.
The legislative change, specifically Subdivision 124-G and
124-H of the Income Tax Assessment Act 1997, affects the
application of roll-over tax treatment for shares. The
Garradin tax platform provides its clients flexibility in
tax reporting and consistency with current tax
legislation.
Darren Speirs, Head of Portfolio Solutions (Garradin),
Bravura said: "Supporting legislative change and ensuring
our solutions allow clients to meet tax requirements at all
times - with minimal operational disruption - is core to
our offering.
"The most comprehensive tax platform available in the
Australian market, Garradin provides seamless, timely and
accurate reporting on tax changes. It can be deployed as a
standalone solution or with other Garradin modules to
provide a comprehensive asset management solution".
The enhanced Garradin tax platform allows users to
configure an asset against capital or revenue. Corporate
actions that result in rollover relief can be applied to
both capital and revenue based assets.
Garradin is a comprehensive, multi-currency investment
management system with integrated asset management,
registry and tax management functions. It is a single,
fully modular system that can be deployed across multiple
sectors.
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