Enhancements

Scan & Save

• We’re excited to introduce enhancements to the Scan & Save functionality which now supports all date formats and additional columns.
• The expanded list of bank statements that we now support include Macquarie Bank, ANZ, St George, Westpac, Commonwealth Bank and more. For more information visit our FAQ page here.

ASAE 3402

• We are proud to announce that Class has obtained ASAE Type I and Type II reports for the seventh year running, for our data feeds. This report, which covers the year ended 30 June 2023 is now available for auditors to request from Class support. More details can be found here.

Other Updates & Fixes

• HUB24 & BT Panorama: Tax Statements coming through the data feed will now display in the correct financial year.
• Contribution Screen Warnings: We've refined warning messages on the Contribution screen to provide clearer guidance. Notably, we've;
  • Removed the warning regarding needing a work test for contribution transactions dated 1 July 2022 or later for members aged 67-74 (excluding employer and personal concessional contributions).
  • Updated the warning for members aged 67-74 making personal concessional contributions post 1 July 2022, emphasising the need to satisfy the work test requirements.
• The Tax Statement Console: look has been updated. Soon you will be able to use the Tax Statement Console to generate tax statements for securities linked to a platform/wrap.
• Additional Gender Fields have been introduced, including ‘Not Stated’ and ‘Other’. Not Stated will be used by the Class transitions team when transitioning an entity if the gender has not been specified.
• Optional Title field. Title is no longer a required field for all roles and contacts in Class. You can still enter a title in Class for these roles and any data already entered will remain visible.
• The Excel Fund loader version has been updated to include the additional fields for gender. Please ensure that you are using the latest version which is 2023.07.26
• Sticky Table Header has been introduced in the Transfer Balance Account Table which will mean that the header remains visible when scrolling down the page.
• An additional 23 Corporate Actions have been added for August. You can find more details here.
• Tax Statements are becoming available in Class. You can track which Tax Statements have already been released for FY23 and previous years here.
• Class Ignite Conference - Hear from SMSF specialists including Liz Westover of Deloitte on ‘SMSF Property Investment’ and Tim Miller from Smarter SMSF on ‘Rebalancing and Splitting Strategies’. With up to 13.5 CPD hours available for accredited sessions, don’t miss out. The Hilton Sydney, 13-14 September, find out more here.