News release from SmartCorp.com.au Pty Ltd

Attention: Products editor           11/11/08           asicsmart 1

          SmartCorp web service helps
          contractors comply with ASIC

Building subcontractor firms and other small companies can now comply with the requirements of the Australian Securities and Investments Commission (ASIC) automatically online using a new simplified compliance service provided by SmartCorp.com.au Pty Ltd.

SmartCorp, a new company based in Sydney and operating across Australia, has launched its internet service at www.smartcorp.com.au .

The company says it has designed the service mainly for trades and professional people who operate private companies and want to save their time and money by streamlining the way they comply with ASIC.

They say SmartCorp is ideal for architects, other professionals like engineers and surveyors, doctors and dentists, trades people like building contractors and subcontractors, small manufacturers and retailers and other small companies.

Using the new service, companies will receive information and lodge forms electronically over the internet to comply with the commission.

They can use this new company compliance service directly without assistance from their accountants.

SmartCorp says they can use the comprehensive service intuitively without having to be familiar with how ASIC regulates companies and requires them to comply.

Using SmartCorp they can: 

· Electronically lodge information about their companies automatically with
ASIC without having to complete and lodge paper forms.

· Receive annual statement packs and other correspondence from ASIC 
electronically.

· View their company records on screen and print them.

· Download company data and debt reports from ASIC.

As this new compliance service is based on the world wide web, they can use it with almost any computer and operating system and without downloading and installing any software, upgrades or fixes.

SmartCorp will store their company information on secure and reliable computer servers and back it up daily.

Constantly updated information from ASIC will be provided to them through the new compliance service.

Companies will pay an annual fee on line by credit card to use the new compliance service and will access the service by user name and password. 

SmartCorp will act as a compliance agent for the companies.

It will collect each company's annual statement and invoice statement from ASIC and forward them by email to the company for review.

If the anniversary date of the company's registration passes and the annual statement is not received, SmartCorp will re-request it from ASIC.

During the year, companies will use the SmartCorp web site to comply with the commission by updating their company information about such things as the retirement of a director or the issuing of new shares.

When a company changes its information on the web site, SmartCorp will email documents to the company which are needed to effect those changes for the commission.

SmartCorp will monitor the lodgment of forms with ASIC and remind companies by email when it is time to lodge a form or pay a fee on time to avoid being fined.

#end

Media contacts: SmartCorp manager Jenny Thomas -- phone 1300 755 889; email jennythomas@smartcorp.com.au ; or publicist Wal Baker -- phone 9416 7111, email wal@wb-pr.com .

SmartCorp.com.au Pty Ltd ACN 132 533 325
Unit 4, 35A Stanton Road, Mosman, NSW, 2088, Australia
Phone: 1300 755 889 Fax: 1300 122 002 Email: info@smartcorp.com.au .