POWERED BY MOMENTUM MEDIA
Class Super is SuperStream-ready
Super IP-owned Class Super has unveiled its SuperStream-ready self-managed super fund (SMSF) software.
Teaming up with technology provider GBST, the software will deliver against all key dates mandated by the Australian Taxation Office, including the 31 May 2014 start date for Trustees signup and the 1 July 2014 date for super contributions procession.
That’s according to Class Super chief executive Rajarshi Ray who added that the expected reduction in processing costs would build a better super system for members and service providers.
He encouraged other providers to stop lobbying for exemptions or extensions and embrace the Stronger Super reforms ahead of deadline.
The updated service will be provided free to all Class Super users.
“It really is that important - and for those service providers who are still struggling with the implementation - we will assist them to ensure that this long awaited reform meets the current ATO deadlines,” Ray said.
Super IP recently announced that it was expecting to move to an initital public offering in 2015 ahead of a strong net profit after tax.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
