Corporate Messenger
We are excited to announce a major upgrade to the Dividend Statements in Corporate Messenger, enhancing compliance and user experience.
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Dividend Allocation: Users can now allocate dividends and franking percentages by share class, enabling precise and automated splits. The 'Proposed Payment Date' is now 'Payment Date' for clarity.
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Documents to Generate Tab: The Additional Information section now includes a clear explanation of dividend statements, warnings on limitations (partly paid shares, conduit foreign income), and a reminder to verify the company's tax rate.
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Enhanced Interview Form: The form displays only relevant fields based on the selection of Minutes or Resolution, removing the 'Form Only' option for a more streamlined process. Information icons and disclaimers have been added to provide clear guidance to users
These enhancements streamline the dividend process end-to-end, making it faster and clearer.
Improved Shareholder Display in Company Registration
- Shareholder Type Identification: Documents for company registrations now clearly identify shareholder types as 'Individual' or 'Corporate'. Corporate shareholder directors are simplified into a single list, and joint shareholders are labelled as "Joint Shareholder 1" and "Joint Shareholder 2". This enhancement applies to Standard and Public Company Registrations, as well as SMSF-related entities, ensuring greater clarity and compliance in shareholder representation.
Fixes and Enhancements
- Member Resolution Signing for Share Transfers: When transferring shares across multiple share classes, shareholders will now only appear once in the Resolution of Members, regardless of how many share classes they hold.
- Company Registration – Updated Officeholder Consent Warning: To maintain technical compliance with evolving Director ID requirements, the warning message in the 'Officeholder' tab has been reworded to reflect the need to obtain consent from officeholders before completing the form.
- SMSF Establishment Document – Individual Trustee Enhancement: For Sole Member Funds with Individual Trustees, the system will now generate separate Trustee Consent and Member Application documents for each trustee upon fund creation.
- Individuals Module (BETA) – Timestamp: Fixed an issue where an incorrect timestamp was displayed. The timestamp will now correctly reflect the document's created date and time.