Class Super

• Class has updated 2020-21 PAYG withholding rates for superannuation income streams as a result of the Government’s mandate to bring forward personal income tax cuts.

Class Trust

•  Improvements to Beneficiary notes (Note 6 & 7)
  • Beneficiaries with no movement are removed
  • Rows with zero values are removed
  • If there are no values under a note , the whole note is not shown
  • "Distributions" under Beneficiary accounts is renamed to "Distribution of profit for the year"

Corporate Actions

We've added 12 new corporate actions this month, see here for full details.

Fixes and Enhancements

Integrations

• The Class to Xero XPM integration has been updated to the latest security standards, see here for full details.

Feeds

• The Crestone Feed has been corrected to support transactions relating to managed funds
• The Findex Centric Feed has been enhanced to aggregate multiple cash transactions that share the same LinkedTransactionID. This will allow for the automatching of cash to the security transaction event.

 Super

• We have removed the TFN from the Activity Statement Declaration for security purposes. 
• We have enhanced the validation check so that users can be informed of missing member title when processing a pension commutation event. 
• We have fixed an issue with the Rental Statement narratives so it can be displayed accordingly on the Operating Statement. 
• We have enhanced the validation message so users can be informed of the unsupported event types. 
• GST is now auto calculated and displayed for Property Expenses entered on Rental Statement to be consistent with Property Expenses that are processed directly through Expense event. 

Trust

• The error message , when changing date on unit sell transactions is fixed
• The “Submit” button on beneficiary distribution screen is highlighted instead of “ Save as Incomplete”