Class Super

For the first time, one online platform truly provides a simple and effective automated solution for all those involved in the establishment, administration and advising of Self Managed Super Funds and Small APRA Funds.

Introducing the Class Super Platform

As everyone becomes familiar with internet banking and online share trading, an obvious step is to exploit the potential of the internet for the automation of paperwork-heavy transactions, and to centralise information from disparate sources. No area of financial discipline is more fraught with these burdens than the operating and administrating of Self Managed Super Funds (SMSF).

Class, the Super Connector

It is time for the financial services industry to be connected electronically to the SMSF administration industry, and Class Super is that connector. Our platform provides accountants, financial planners and administrators with a one stop portal for the opening, administration and reporting of their clients’ Self Managed Super Funds. Fund owners too, can use Class to review their investments, tax position and compliance issues.

In a class of its own

Class brings together the complete range of services required to set up and run an SMSF, in a simple, easy to use, automated process. Once set up, we receive automated data feeds from connected service providers, such as banks, from which we automatically upload the clients’ transaction data. Class removes the traditional technology management and infrastructure issues from businesses. There is no complex or costly IT set up or resources required to use it. Class is a secure system that can be accessed from any internet location, 24/7.

Class benefits include:

  • The centralisation of data to allow portfolio review and assistance with investment decisions.
  • Daily reporting and ongoing awareness of fund compliance status.
  • Ongoing visibility and complete understanding of tax position.
  • Massive reduction of paperwork.
  • Lower costs for administration.
  • Lower technology costs.

Class also facilitates the establishment and support of :

  • Trust Deeds
  • ABN Applications
  • Bank Account(s)
  • Share Broking Facilities
  • Insurance Solutions
  • Wrap and Platforms
  • Technical and Strategy Solutions
  • Wholesale Administration (if required)
  • Wholesale Audit Services (if required)
  • Electronic Lodgment Services (ATO).

Class Super has automated a wide range of data feeds from numerous service suppliers, including direct connectivity with a number of the banks, brokers, and platforms from which Class is able to automatically upload client transaction data.

The Class System not only uploads this data, it also, where-ever possible, automatically matches the cash transaction to the corresponding business transaction and posts the transactions to their relevant accounts and registries. This means a significant reduction of manual processing using paper based statements and on-going client follow-up. The information comes in automatically and, where-ever possible, is managed by the system automatically on a daily basis".

Class Super – The Users

Class Super is a fully web based platform. The system and data is securely available from any internet connected site and allows all participants to access the information they need based on their role and authority.

The Accountant administers their clients’ funds. Their role generally is to ensure the DIY fund affairs are correctly accounted for and compliant at any pre-determined reporting dates such as Quarterly and End Of Year reporting cycles.

The Trustees and Members own the fund. The role of the trustee and/or members is to make discretionary decisions about their fund including its strategy, its underlying investments, provide information to ensure timeliness, completeness, and accuracy of the fund's status and its financial position, and to manage compliance to the fund's regulatory reporting requirements.

The Financial Adviser advises Trustees and Members on their strategy, investment and technical issues, monitoring their clients' portfolio to ensure they comply with the fund’s investment strategy.

The Auditor's role is to ensure the fund is compliant with the fiduciary responsibility of completion of the end of year audit of DIY Super Funds.

The Class Super solution brings together the complete range of required services to set up and run an SMSF or SAF, in a simple, easy to use, automated process. The Platform has been designed to provide automated solutions across many of the problematic areas associated with the management and administration of Self Managed Super.