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.
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