We are excited to announce another major update for Simple Fund 360 and Simple Invest 360! You can learn what’s new at our New Features Webinar on Thursday 14 April 2022 at 11:00 AEST. Register Now >>>
The full release notes can be found on the BGL Community >>>
What's New?
BGL in collaboration with Cointree, a leading cryptocurrency exchange, is proud to announce the release of NBOC; an Australian based solution providing a daily price feed for hundreds of cryptocurrencies.
Cryptocurrencies are a growing asset class in BGL’s Simple Fund 360 and Simple Invest 360 which now administers $100’s of millions in cryptocurrencies. NBOC’s exclusive daily automated data feed will provide Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances at 30 June. Click here to learn more >>>
Exclusive to Simple Fund 360
SuperStream Improvements: A new SuperStream Rollover / Release Authorities report has been added to Simple Fund 360 for audit / workpaper purposes. We continue to work to improve the SuperStream process for clients.
Smarter SMSF Integration: Two new documents have been added to Simple Fund 360 via our integration with Smarter SMSF. Click here to learn more about our seamless two-way integration >>>
Rollover In (PAYG – $55)
Generates documents to support a super benefit rollover or a super death benefit rollover for a member into the SMSF in accordance with the SuperStream requirements. The following documents will be generated as part of the order:
- Trustee minute confirming receipt of the rollover and allocating to member’s account within prescribed time frame
- Member notification of rollover received
Rollover Out (PAYG – $77)
Generates documents to support the payment of a super benefit rollover or a super death benefit rollover for a member from the SMSF in accordance with the SuperStream requirements. The documentation provides for:
- full and partial rollovers,
- transfers to APRA funds and other SMSFs.
- Payments made by cash and in-specie.
The following documents will be generated as part of the order:
- Member request to rollover benefits
- For full rollover, a pre-populated ‘ATO Request for rollover of whole balance of super benefits between funds’
- Trustee minute confirming requirements to pay the rollover and meet the SuperStream requirements within prescribed time frame.
- Member notification confirming payment of the rollover.
Plus, many more features and improvements. Don’t forget to check out the full release notes on the BGL Community >>>
Previous release notes can be found below:
Regards, The BGL Team
