Welcome to the August edition of Class FAQs.
E-signature Correction - add an Edit button on Class
On the Signature tracking console, we have added an option to Edit envelope on Failed and Pending filters. Here is an article on how to Edit the envelope.
Tax Statements Collection
Thank you for sending through the Tax Statement for FY2022. Please keep sending them so we can complete the task for 2022 as soon as possible.
The Class team has been actively collecting copies of FY2022 annual tax statements to enter into our database. This database enables the function of generating automated tax statements on Class for the Class community. We would greatly appreciate it if you can provide us with the annual tax statements your funds hold.
To provide an annual tax statement, you can either navigate to Fund > Fund Documents and upload the tax statement, then send us an email with the fund code to support@class.com.au or email us a scanned copy of the tax statement (redact any sensitive information) to support@class.com.au.
You can monitor the FY2022 tax statements release process in Class via the links below:
Rollover and Release Authority via SuperStream in Class
The following articles in Class Help Centre can help guide you through the process:
- An overview of Rollover and Release Authority via SuperStream.
- SMSF (SuperStream) Rollovers and Release Authorities FAQs talk about questions such as what transactions are supported by SuperStream.
- We've put together this detailed checklist to help you prepare for SuperStream Rollovers and Release Authorities (RA)
- Rollovers & Release Authorities Console allows you to review digital messages either sent or received from the ATO, APRA funds or SMSFs.
- Rollover & Release Authority Statuses guide you through the details and actions you need to take for each of the statuses displayed in the Rollovers and Release Authorities console.
- This article talks about What happens after I initiate Rollover Out.
- It is worth reviewing this article on how to correctly Initiate Rollover Out via SuperStream in Class and generate the Rollover benefits statement via auto-generated event.
Data Feed
Wind up
Pension establishment
August is a good time to review pensions in your funds, and maybe process the property purchase/disposal that has taken place in the past few months. We would like to shine a light on areas related to pensions and property-related transactions.
You will find information related to establishing different types of pensions in this summary article. A good place to view all pensions in the business at a glance is through the Member Console page, Pensions tab.
Pension drawdown and commutation
Did you know you can create a transaction rule for pension drawdowns and you can create a bulk pension commutation event in some cases? Check out this summary article related to Pension drawdowns and commutations.
Property related transactions
The property section of the Class Help Centre is a great place to find important information on how to process property-related transactions.
The Property section of the Class Knowledge Base will answer most of the specific questions you have.
To view the FAQ newsletter from previous months, please click here.
Feel free to contact us via Live Chat, via email (support@class.com.au) or call us on 1300 851 057.