June 2023

Enhancements

SMSF Annual Return

Updated FY23 stationary, including support for MYOB and Xero export formats.
Field change: Removal of credit for interest on early payments. More details of the changes for FY23 can be found here

Trust Tax Return

Updated the FY23 Trust Tax Return to be able to View, Validate and Lodge.
The Trust Tax return will appear after submitting the beneficiary distribution and tax finalisation.

Transfer Balance Account

Transfer Balance Indexation will occur on July 1, 2023, and will be visible in Class from that date.
Enhancements have been made to the Personal Transfer Balance Cap tab to simplify understanding of more complicated indexation calculations for FY23 for each member. More details can be found here.
New PTBC (Personal Transfer Balance Cap) column added to the Transfer Balance Account table for easier tracking of difference between TBA and the remaining amount.
More information about how the upcoming 1 July 2023 indexation of Transfer Balance Account can be found in this article.

Data Feeds

Mason Stevens Global Investment Service feed now partially supports Bond Investments asset class. Details on how to set this up can be found here.

ECPI election default method changed to Both (Proportionate + Segregated) as per ATO guidelines.
Total Super Balance filters updated to reflect General Transfer Balance cap indexation and entitlement for Non-Concessional Contributions.
Bug fix in the Account Posting report to prevent all detailed accounts from showing in the Trial Balance when updating date range.
Updated version (v2023.06.07) of the Excel Fund Loader & Excel Transaction Loader released. Ensure you are using the latest version.
Pension Account Identifier can now be edited. If a TBAR file has not been generated you will have an option to edit the Pension Account Identifier number.
The technical reference for available endpoints to the Class API has been updated with the relevant descriptions
We've added 100 new corporate actions this month. To find out more here.