What's New September 2021

New Releases

Documentation Suite

As part of our ongoing commitment to providing the highest quality legal documents and expanding our legal capabilities to meet the demands of our fast-growing client base, we have made further updates to Fixed Unit Trust document:

  • to modernise the wording of the deed
  • strengthen the existing clauses and provide further clarification
  • updated unit certificates

Integrations - Class Trust

Collaboration and data sharing is now easier with Class Trust and NowInfinity. Users can now add a newly established Fixed Unit Trust to Class. Removing the need to re-enter Trust and Unitholder details separately and enabling you to start your Unit Trust administration work sooner in Class.

 

6 Member SMSFs

The following documents have also been updated to bring SMSF documents in line with the latest SMSF member rules:

  • Binding Death Benefit Nomination Forms
  • Reserves
  • Assets
  • Pension documents

 

Enhancements

Corporate Messenger

  • Forms 280, 281, 2205, 106 and EDGE Application forms can no longer be electronically signed bringing the signing & execution of these documents in line with ASIC signing rules.
  • Fixed a bug where the name of the BO for NBO shareholders could not be updated on the company profile.

Documentation Suite

  • We fixed an issue for the SMSF Change of Trustee document - non-member of the fund is no longer included in the Members tab when amending a previously completed document.
  • We fixed an issue where the beneficiaries added to Class were incorrectly numbered.
  • We fixed where duplicate members were displayed on the Collaboration page for Class integration.
  • We fixed an issue where the field for New Name in Change of Discretionary Trust Name document incorrectly allowed for pre-population with Data from Class Trust.
  • Fixed a bug on the Special Purpose Company document where all officeholders were incorrectly displayed as Public Officers.
  • Fixed an issue where the ATO Form for SMSF Member Exit document could not be signed electronically signed.
  • Fixed a bug where extra blank pages were included on the ATO form for SMSF Change of Trustee.
  • Fixed a bug where some users had trouble saving information entered onto Business Name Registration document.
  • Fixed an issue where the ACN field was missing in the Standard Company form for ultimate holding company questions.
  • Fixed a bug where some users were unable to select the signing manager for the Business Name Registrations.

 

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