This article will provide you guidance on how to successfully transition your Trust to Class from the APS source.
We will run through the steps:
Prepare Data Files
Please extract the following data files in .xlm/.xlsx format:
|- Trial Balance|
|- Statement of Financial Position|
|- Investment Summary|
|- Unrealised capital gain report or similar report showing all purchase parcel details (Acquisition Date, Quantity, Cost Base, Cost Base Adjustments) for all investments|
- Complete the Trust Data Collection Form for each trust
Note: Ensure that all amounts are rounded to 2 decimal places
- Class requires the following reports
- Trial Balance - Operating Statement and Balance Sheet - Notes to the financial statements - Tax Return - Unit Holding Register from trust inception (if unitised trust) - Investment Summary - Unrealised capital gain report or similar report showing all purchase parcel details (Acquisition Date, Quantity, Cost Base, Cost Base Adjustments) for all investments - For Wrap and Broker accounts, please provide the statement that shows all of the assets - For Bank accounts, please provide the BSB and Account Number
- All reports of one Trust should be put into the same folder and the folder must be named similar to the Trust code. A separate folder should be created for the next trust.
Note: Please ensure that all financial information is provided at the book close date 30 June XXXX.
Submit Files to Transitions Management System (TMS)
For step by step instructions on how to submit your files please see the Transitions Management System article.
Timelines & More
- It will take between 1 to 2 weeks for your trusts to be loaded by Class.
- Any missing information or reports may delay in transitioning your trusts.
- We will advise you if any assumption was made during the transition process once the trust has been loaded.
The Class Transitions team can perform additional services. For more information please see Additional Transitions Services
Once the Transitions team have loaded your Trusts to Class, please complete the Transitions Review Guide and accept/reject trusts on the TMS.