Page 26 - OneVue Annual Report 2015

OneVue Holdings Limited

Directors' Report

30 June 2015

The Directors present their report, together with the Limited now OneVue RE Services Limited trading as
financial statements, on the consolidated entity Select Fund Services, and Select Investment Partners
(referred to as ‘OneVue') consisting of OneVue Limited. The acquisition deepened OneVue’s
Holdings Limited (referred to as the 'company' or superannuation trustee business and MAP Funds
'parent entity') and the entities it controlled at the end Management and enhanced the Fund Services offering
of, or during, the year ended 30 June 2015. by creating a broader suite of unit registry, responsible
entity (RE) services and mFund distribution. OneVue
Directors now has the ability to offer a packaged solution of
investment products with RE Services complementing
The following persons were Directors of OneVue existing Fund Services and the automated interfaces to
Holdings Limited during the whole of the financial year and from major custodians.
and up to the date of this report, unless otherwise
stated: Dividends

• Gail Pemberton The Directors have not declared a final dividend for
• Connie Mckeage the year ended 30 June 2015 (2014: Nil).
• Karen Gibson
• Greta Thomas The Board does not currently have a dividend policy.
• Garry Wayling On 23 June 2014 the Directors declared that OneVue
Holdings Limited does not intend to declare a dividend
Principal activities for the years ended 30 June 2014 or 2015. Dividends
are not expected to be declared in respect of any
During the financial year the principal continuing period after 30 June 2015 until there are sufficient
activities of OneVue consisted of: retained earnings and they can be paid on a fully
franked basis. Given the level of carry forward tax
• Unit registry services losses, the timing of the commencement of payment
• Investment administration. of fully franked dividends will be dependent on the
Both activities were significantly enhanced during the future profitability of the company.
year by the acquisition of Select Asset Management

26 – ONEVUE ANNUAL REPORT