Class Super/Trust/Portfolio
- We have added the ability for you to transfer entities between Brands from the same Class business, so that you can now self-serve and no longer need to go via our support team. The Brand to Brand transfer functionality can be accessed from the Business level by users with the role of Access Controller. See our Brand to Brand transfer article for more information.
- Last month we enhanced the logic in the Tax Statement console to automatically update the date of a Tax Statement to be the date an investment was fully disposed, to prevent common Period Update errors. This month we have extended the logic to Manual Tax statements that are created from Fund Income > Distribution - Tax Statement. The effective date will automatically populate to the date the holding was disposed in full if this occurred during the financial year.
- As part of our focus to improve the speed of loading, we have made some under-the-cover improvements to the loading time of the Members Console at the Business Level so that it loads data much quicker.
SuperStream Fixes and Enhancements
- Super Stream messages will no longer be automatically rejected messages where the ABN has multiple matches in Class. A new tool has been created for our support team to push the message to the correct fund and our support team will proactively reach out if we need to confirm the correct fund to load the message to.
- Member Tick and SVS check will display an accurate message when the Tax Agent is not identified "Unable to call ATO verification services - please review the Tax Agent for the Fund". To ensure the correct setup of Tax Agent please review this checklist.
- We have added 2 additional Electronic Services Address (ESA) options when initiating rollovers in the Rollover & Release Authority console. All ESA's that support Rollover & Release authorities are now supported in Class.
- We have added colour coding to the statuses in the Rollover & Release Authority console so make it easier to identify which message you need to action and have also included a tool tip that you can hover over to understand what you need to do for each status.
- We have enhanced the audit trail for business events processed by Fit-To-Date functionality for SuperStream events. The Audit Trail will now display the message “SuperStream_Integration - Modified by Fit to Date“. More information can be found here.
- We have updated the name of some of the statuses to make them easier to understand. "Payment not confirmed" status has been updated to "Waiting Confirmation from ATO" in relation to Release Authority and "Waiting Confirmation from Receiving Fund" in relation to Rollover out
- You can now use the Rollover & Release Console to initiate messages for members with an overseas address.
Other Fixes and Enhancements
- We have made additional tax statement templates available from the Tax Statement console. These can be found here. A break down for the 2022 Financial Year can be found: