Welcome to the pre-launch edition of the Mclowd Newsletter, our monthly communication to Users, Contractors and Partners.

Mclowd Set For Production Release

While the Mclowd Plaftorm was initially released as a Beta version in September 2012, I am excited to announce that a formal Launch event has now been scheduled for March 27th, to be held in Sydney.  (A video of the Launch will subsequently be published to the Mclowd website).

Advisory Board

As part of the Launch process, we have also established the Mclowd Advisory Board, a group of Trustee Users and other stakeholders who will be integral to the ongoing governance of the Platform.

Mike McKay has accepted the position of inaugural Chair, and comes to the Advisory Board with a wealth of experience in industry superannuation and funds management.

In his role at the ACTU Mike was instrumental in the establishment of many of the Industry Funds and involved in the original Superannuation Guarantee Legislation.  He subsequently held a series of senior roles within industry super (including as Chair of C+Bus) and funds management (including HSBC Asset Management).

He has also managed his own Super Fund for nearly 20 years.

The Platform

Scheduling of the Launch date has triggered an acceleration of our efforts to build out the Platform.

Support for Funds with segregated assets is now in the final stages of development, and will be released at or prior to Launch.

Before moving off Beta we will also release upgrades relating to:

  • Member Contributions
  • Member Benefits (lump sum and pension)
  • Dividends
  • Additional Asset classes (ETF and Derivatives)
  • Year end accounting

However the Launch is designed primarily as a forum for engaging with the Trustee Community, and will by no means mark a pause in our development efforts (which will be an ongoing process of collaboration with the Advisory Board).

The Marketplace

While Phase 2 of the Marketplace is not scheduled for release until April, we will be providing a sneak peek of the new functionality as part of the Launch.

Thanks again for your continued support of our efforts to establish a free SMSF accounting Platform.

Kind Regards

Ashley Porter
Managing Director
Mclowd Pty Ltd