News & Media
Productivity Commission modifies original findings based on Class research; still more work to be done
18 January 2019: The Productivity Commission has modified its original findings and recommendations in response to evidence-based research from Class. Class’ research highlighted that ATO’s calculated SMSF returns were systematically understated across all fund sizes relative to APRA returns, due to different calculation methodologies being applied. The Commission’s final report ‘Superannuation: Assessing Efficiency and Competitiveness’, […]
Congratulations to the winner of the Class competition at the World Congress of Accountants 2018. Robyn Donovan from BCA Advisory Services, winner of the B&O E8 wireless headphones. We hope you enjoy your prize!
Congratulations to the winner of the Class competition at Accountech.Live 2018. Yuvraj Verma from TaxAssist Accountants, winner of the B&O E8 wireless headphones. We hope you enjoy your prize!
Class announces integration with XPLAN, delivering a shared single view of wealth for advisers, accountants and their clients 22 November 2018: Class has announced a significant new data feed integration with XPLAN, the leading financial planning software for financial advisers. The Class to XPLAN data feed enables financial advisers, accountants and their clients to share […]
1 November 2018 – In April 2018 the Productivity Commission’s Superannuation: Assessing Efficiency and Competitiveness, Draft Report was released, suggesting that APRA-regulated funds are outperforming SMSFs. Class has refuted this claim, citing the inconsistent use of formulae to calculate super fund performance. The ATO’s Return on Assets (ROA) used for SMSFs and APRA’s Rate of […]
Congratulations to the winner of the Class competition at the AFA National Conference 2018. Andrew Kent from Lakeside Financial, winner of the B&O E8 wireless headphones. We hope you enjoy your prize!
Tuesday 18/09/2018 – Class has announced the addition of multi-factor authentication (MFA) to its cloud based products, Class Super and Class Portfolio, further enhancing Class’ security framework. This is an important initiative that addresses one of the major industry concerns with cloud-based systems. As more data becomes available online and more systems are connected via […]
Impact of Super Reforms shows tectonic shift in assets, with taxable SMSF assets almost doubling to $422bn 1 August 2018 – The latest Class SMSF Benchmark Report has exposed the real impact of Super Reforms on pension assets, with the dual forces of TRIS change and introduction of the $1.6m transfer balance cap forcing assets […]
Class highlights significant SMSF gaps in Productivity Commission’s Superannuation Report; performs own analysis to fill in the missing pieces
25 July 2018: A submission from Class Limited in response to the Productivity Commission’s enquiry into superannuation has highlighted – and filled in – some critical ‘SMSF gaps’ identified in the Commission’s draft Report. The Commission’s 571-page Report into Superannuation provides some well researched findings on APRA funds, but fails to hit the mark on […]
Monday, 2 July 2018 – Exempt Current Pension Income (ECPI) calculations just got a lot harder for anyone not using specialised software like Class Super. Class has released key updates to streamline the new ATO guidelines around claiming ECPI for the 2017-18 income year onwards. The new ATO guidelines significantly change the current industry practice […]
Wednesday 13 June 2018 – Class, the developer of Class Super and Class Portfolio, has announced the enhancement of its partner program, delivering new functionality that allows partners to build applications that support direct access for investors and planners. Previously, the ability to connect and share data via partner integrations was largely restricted to accountants. The […]
Thursday, 7 June 2018 – Monday, 2 July 2018 is the double-whammy deadline for both SMSF Returns and the start of Transfer Balance Account Reporting (TBAR). With less than a month to go, accountants have a big task ahead to lodge FY17 annual returns, claim CGT relief and report 30 June 2017 TBAR balances for SMSFs […]
Class, the provider of Class Super, Australia’s leading cloud solution for administration of self-managed super funds (SMSFs), today announced the addition of actuarial certificate services from existing partner, A.S.A.P. Advice (A.S.A.P.), an industry leader in digital advice for SMSFs. Actuarial certificates are generally required for SMSFs that pay a pension income stream and have an […]
Class, the provider of Class Super, the leading cloud SMSF administration software, has announced the availability of the Class TBAR Console to provide bulk event-based reporting, significantly reducing the complexity brought about by the introduction of Transfer Balance Account Reporting. Accountants and administrators using Class can now simply generate a single file containing all the […]
Class has released the SMSF Benchmark Report for the March 2018 quarter. Approximately one third of ETF investors are SMSFs and more than half of all ETF assets are held by SMSFs. Over the last 5 years, total assets invested by SMSFs quadrupled from $4.2 billion to $19.6 billion, the percentage of SMSFs using ETFs more […]
Brand new eBook – Modern SMSF Administration: How to Embrace Digital Automation & New Service Models
Class has produced an eBook that is specifically designed to help SMSF accountants, administrators and planners. It provides insights and guidance to help maximise SMSF admin efficiency, profitability and client satisfaction. Discover: ✔ An existential challenge: accountants vs administrators ✔ Digital SMSF: the key to modern administration ✔ Avoiding pitfalls: technology traps and deadends ✔ […]
Congratulations to our Class Customer Satisfaction Survey prize winners. B Yang of TGS Group, winner of the Sonos Play 3 speaker and C Collins of Connect Super who won the Sony 1000X Wireless Noise Cancelling In-Ear Headphones. We hope you enjoy your prizes!
Class, the leading provider of wealth accounting and SMSF administration software, has announced that Glenn Poynton has joined the business as Strategic Alliances Director. Glenn will be responsible for establishing and developing strategic partner relationships, as the company looks to deliver on its stated strategy of driving increased partner revenue from across the wealth accounting […]
March Release Highlights: Transfer Balance Account Reporting (TBAR) requires you to submit 30 June 2017 balances to the ATO by 1 July 2018. Class will make this easy for you – click here to find out more. Almost all the data you need to send to the ATO is generated automatically behind the scenes, however there are a […]
Class has released the SMSF Benchmark Report for the December 2017 quarter. The special feature in this report is based on new analysis by Class that raises the question, do pension SMSFs match their stereotypes? Register for the latest Class Benchmark Report today which takes a closer look at SMSF pension assets and where retirees […]