What's New July 2024

New Releases

Documentation Suite

  • SMSF Documentation
    • As part of our commitment to support the SMSF industry, we are now including the ATO Fact Sheet ‘Accessing your super early may be illegal’ in our SMSF Establishment documentation. This aims to ensure Trustees are aware of the importance of not accessing their superannuation without meeting a condition of release and reduce the impact of illegal early access on SMSFs.
    • The SMSF Trust Deed schedule has been updated to display the principal place of business address for corporate trustees in all instances. This will avoid the incorrect use of a ‘care of’ address for trustees in the schedule.

Corporate Messenger

  • When a 484 form is lodged to update an individual officer's name, the officer’s name will now also automatically update in the billing/signing section of the company profile.


Fixes and Enhancements


Managing Transactions

  • Fixed the issue where share discrepancy notifications were not updating after user actions, ensuring real‐time accuracy in alerts when discrepancies are created or resolved.
  • Fixed an issue where share discrepancy notifications were incorrectly displayed even when share quantities matched, ensuring accurate and consistent discrepancy reporting.
  • Resolved an issue where share discrepancy pins were incorrectly assigned, ensuring accurate identification and notification of share discrepancies for companies.
  • Fixed an issue where the share discrepancy notification banner was inconsistently displayed, ensuring accurate alerts only when discrepancies exist, and removing the banner when resolved.
  • Corrected the display issue for historical 'transfer from' transactions in the Members Holding Balances table, ensuring that the negative sign appears only once for debit entries.

Other

  • Fixed an issue where Annual Statements sent for electronic signing were missing resolutions/minutes in the completed documents. Resolutions/minutes are now included as part of the Annual Statement pack, ensuring completeness in the signing process.
  • Resolved an issue causing the application to unexpectedly log out users during Unit Redemption and Discretionary Trust Change of Trustee actions, ensuring stability and uninterrupted access.
  • Resolved an issue where joint holders with identical name/address details were not displayed correctly.
  • Fixed an issue where the page numbering on the Annual Statement PDF displayed incorrectly; the numbering now accurately reflects the total number of pages.
  • Resolved an issue preventing clients from saving credit card details.
  • Improved the formatting of the SMSF Deed of Establishment to consistently display the details of individuals and members on separate lines, even if they reside at the same address.
  • Updated all references to external legal provider DGF Morgan & Associates’ ACN/ABN and branding/logos due to structural changes, ensuring compliance and consistency across all legal documents and communication materials.
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