If you are not able to use the Class Transitions Tool to migrate your BGL Desktop data you can still provide the data files to us manually. We will require 3 community files (one copy of each) and 5 fund specific files (one set of files for each fund).
We will run through the steps:
Provide Data Files
The below table will show what files we require and where on your local drive to find them.
| Files Required | Locating files via file explorer |
|---|---|
|
These files are generally located in either:
|
|
This file is generally located here:
|
Fund Specific Files
| Files Required | Locating files via file explorer |
|---|---|
|
For example, the files for the AJK001 fund are located in:
|
|
Only required if you applied for CGT relief
|
This file is generally located here
|
Prepare Your Reports
- Create a Folder for each fund using the BGL Code as the folder identifier
- Add the following reports (in pdf format unless stated otherwise) into each separate folder for each fund:
- Member Statements and Contribution Cap Report
- Trial Balance and Detailed Balance Sheet and Operating Statement
- Detailed Projected Investment Disposals Profit (Loss)
- Annual Return
- Investment summary
- CGT Cost Base Reset Report (only required where the fund had applied for transitional CGT relief)
- Total Super Balance (if records available in BGL)
- TBAR cancellations and pending cancellations (if records available in BGL)
- TBAR Events History (please use Manual Data Collection Form for SMSF)
- For Wrap and Broker accounts, please provide either a Broker or Wrap statement that shows all of the assets held
- For bank account details, please provide either the bank statement with the BSB and Account Number clearly readable, or alternatively provide a list of BSB's, account numbers, and fund codes that the bank accounts belong to (in csv format). If you have multiple bank accounts in a fund, you should also include a means for the team to tell which account belongs to which BSB/Account Number. - Once all reports have been added for each fund folder, place the fund folders into a batch folder
- Zip your batch folder ready for uploading.
Submit Files to TMS
For step by step instructions on how to submit your files please see the Transitions Management System article.
You should only use this process if you are unable to run the Class Transitions Tool. The Class Transitions Tool will automatically extract the correct files and load them into TMS. You can see the instructions for how to do this on the BGL Desktop Article.
Timelines & More
It will take between 1 to 2 weeks for your funds to be loaded by Class. Please be aware that any missing details or reports may result in a delay in transitioning your funds. Once a fund has been loaded, we will advise you that this has occurred along with any assumptions we may have made during this process.
The Class Transitions team can perform additional services for you, including entering historical transactions, portfolio reconstructions, entering depreciation schedules, and data feed identification. For more information please see Additional Transitions Services
What's Next?
Once the Transitions team have loaded all of your files to Transitions Management System complete the Transitions Review using the Transitions Review Guide