Oct 19 (Reuters) - Villa World Ltd VLW.AX :
* Joint venture with ausin group VLW.AX
* Says proceeds from the joint venture are expected to commence contributing to the company's revenue in FY 2016
* Entered into a joint venture for the land component of the development, with ausin rochedale pty ltd atf ausin rochedale trust
* Source text (http://bit.ly/1GdMi52)