New releases
- Identity and Verification (ID&V) - Australia’s AML/CTF tranche 2 reforms come into effect from 1 July 2026. If your business provides designated services, you’ll have new obligations to prepare for. You can read more about the reforms on AUSTRAC’s website. As tranche 2 approaches, ID&V in NowInfinity supports identity checks and evidence retention in a single, auditable workflow.
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Introducing Identity and Verification (ID&V) - ID&V is a new solution built into NowInfinity, designed to make identity checks and record‑keeping simpler to manage:
- Quick and efficient: Complete identity checks and store supporting records in one simple workflow.
- Less manual effort: Get automatic reminders when identity records need review or updating.
- Prepare with confidence: Verify identities and retain evidence as tranche 2 approaches.
- All in one place: Onboard clients in NowInfinity without adding another system.
Available from $3 per identity check, with tiered options to suit different client needs.
Learn more about ID&V on our website.
- Open Macquarie Bank accounts at any time for any entity - Macquarie Cash Management and Cash Management Accelerator Accounts can now be opened for any active entity in NowInfinity, not just at initial entity establishment. The new Institution Account page reduces friction when a new bank account is needed, delivering a more seamless bank account opening experience for you and your end clients.
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Sequential Signing (E-Signatures) - Electronic signing for entity establishments now follows a clear, structured signing sequence to support accurate execution dates across documents.
When electronic signing is selected:- All parties are invited to sign first, except the first listed shareholder (for individual shareholders) or the first director (for corporate shareholders).
- Once all other parties have completed signing, the first shareholder or director receives the final signing request.
- The date the final signer completes signing is automatically applied as the execution date in the entity documents.
Fixes and enhancements
- Name availability check - We’ve fixed an issue with company name availability checks during entity establishment to ensure results now accurately reflect availability. Previously, some company names that were already registered with ASIC could incorrectly appear as available during the name check step.
- Incorrect request for witness signing - We’ve fixed an issue where a witness was incorrectly requested to sign during electronic signing for certain entity documents.
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Additional cover letter code - We’ve released an additional cover letter signing date option to support a one month signing period.
This gives you greater flexibility when managing signing timelines for Annual Statements. -
Minimum Pension Amount Rounding - We’ve fixed an issue where; in some cases, the minimum pension amount was not rounding in line with Australian Taxation Office (ATO) requirements.
This has now been corrected so minimum pension amounts are rounded to the nearest $10, in accordance with ATO income stream (pension) rules. -
Business Code and Brand Code Integration Issue - We’ve fixed an issue where, after selecting a business code within the Class integration, the brand code did not populate correctly. This prevented SMSF details from being successfully sent through to Class.