What's New - March 2022


What's new & updated on the Smarter SMSF platform


    • Company incorporation forms - We have made changes to questions in the company order forms regarding the registered office, which fix a recent mapping issue when passing data via the API. The first screenshot below shows the 3 questions that were included in the company forms; the second screenshot shows the change where this has now been combined into only 2 questions, consistent with our integration via e-companies to submit information to ASIC. 

Old questions

Updated questions

    • We have made an amendment to the company invoice to add information about the ASIC fee, which is not subject to GST.  From this information you will then be able to work out the amount of GST that can be claimed. 

    • A number of fixes have been made to reported tickets during the month including:
      • Changes have been made in the company order forms that fix and 
      • An bug that was impacting the the 'push to CAS 360' was resolved.
      • We have fixed a bug in the SMSF deed upgrade when ordering via Simple Fund 360 where the API was not populating the trustee type and impacted on the document generation.
      • The signing pages were not generating for LRBA orders via Simple Fund 360.  We have fixed the issue where the trustee type was not populating and impacted the generated documents.
    • Primary / secondary users:
      • This remains in beta as we continue to work with a number of members obtaining feedback on its use. 
        • We had fixed an issue where the counter on the secondary users dashboard was not displaying the primary users counter with the number of documents used and remaining.
        • We are currently working on the user interface (UI) for the primary member that will provide permissions for the member to grant access to different staff members (secondary users).

    New/Updated Documents

    • Rollover In: 
      • We have released documents to support the acceptance of both a super benefit rollover and super death benefit rollover in accordance with the SuperStream requirements - view sample document
    • Rollover Out: 
      • We have released documents to support the various combinations of rolling out either a super benefit or super death benefit from an SMSF in accordance with the SuperStream requirements - view sample document.  The form provides for the following options that can be by way or cash or as an in-specie transfer:
        • SMSF rollover to APRA regulated fund - whole balance or partial rollover
        • SMSF rollover to another SMSF - whole balance or partial rollover.
    • QROPS deed:
      • We are in the process of finalising the addition of a QROPS deed onto the Smarter SMSF platform.  Currently when a new SMSF is to be established with as a QROPS fund, a set of resolutions are generated that become a Special Rule of the Fund.  The following changes will be made to accommodate the new QROPS deed:
        • The fund establishment order form will allow the user to decide whether you wish to create the QROPS deed or the resolutions.  
        • The SMSF deed upgrade form will also include the ability to choose to upgrade to a QROPS deed
    • Director IDs:
      • Amendments have been made to the company constitutions (standard and special purpose companies) to require directors to comply with the new Director Identification Number requirements.  This includes amendments to rules, rule guides and definitions within the constitutions.
        • You can view the changes in the updated sample documents available within the knowledge base.
      • We have added additional information with generated company orders that provide details about the new Director Identification Number registration process.  You can review the updated sample document for more information.
      • From 5 April 2022, we will be including the ability to add the director ID into the company order form.  Initially, this will be a non-mandatory field, although it will be a legal requirement from this date for a director to have obtained a director ID before their appointment.  We are adding this information primarily for our 'push to CAS 360' integration that will automatically update your BGL software (where relevant).

    CPD Training / Courses

    • Webinars:

      • The following CPD webinars have been uploaded onto the learning platform for members recently:
        • February 2022: SMSF deductions under the microscope
      • We have also held the following webinars over the past couple of months: 
      • You can view our upcoming webinars on the events page on the Smarter SMSF website, 

    Coming Soon

    Smart things we are currently working on...


    • Primary / secondary user functionality - we continue to manually adding member firms (with subscriptions) to the new functionality that allows multiple staff with the same firm to access to the document subscription using their own login/profile. The primary account holder will be able to control the permission levels of team members (secondary users) - the primary user interface (UI) will give them the ability to add/remove secondary users and set permissions to generate documents, view their own orders or all orders of the firm.  Below is a screenshot of the progress of this screen that will provide information of each user under the subscription. If existing subscribers would like access to be setup, please get in contact with us at support@smartersmsf.com to arrange for this to be completed manually at this time.  We look continue to have this functionality in 'beta' until the end of January 2022, then make it publicly available for all members.
    • Automated Deed Service - Final stages of testing is occurring internally on this project before moving into beta testing with a number of members.  We expect to remain in beta until the end of January 2022 and have the service available from February 2022. This subscription-based service will allow users to manage their fund's trust deeds, along with any trustee changes and automatically update the fund's deed in line with any amendments made by the Smarter SMSF team. Permission levels will be granted that allow documents to be shared with staff (secondary users), trustees, auditors and other service providers.  
      • NB. It will be an inclusive for Create500 subscribers; all other subscription levels will be required to purchase as a separate product.
    • White label portal - significant progress has been made on the provision of a white label document portal for businesses that may 
    • Legal Support - we have begun work on integrating legal support into the Smarter SMSF platform that will allow members and users to utilise a number of order forms to request the preparation of legal documents and other legal support via our support with Hill Legal. Using the existing ticketing system, you will be able to prepare and submit requests, then track and engage with the Hill Legal team for the completion of any specific work. The first document being worked on is the SMSF Enduring Power of Attorney, which we hope to have available by the end of January 2022.


    • Change of Trustee - work is almost complete of the new change of trustee form that will allow users to make any of the following changes to the trusteeship of an SMSF - add individual only, remove individual only, add and remove individual, individuals to company, company to individuals and company to company. The form also provides for scenarios where an additional party is required   We are currently getting feedback from a couple of members on the order form before releasing on both the Smarter SMSF & Simple Fund 360 platforms in January 2022.
    • Combined order forms - there are a number of order forms that we are looking to merge that will simplify the existing order process - these include:
      • New SMSF and trustee company order form.
      • Pension rollback and commencement (ie. pension reboot)
      • Change of trustee & deed upgrade
    • Investment Strategy Report - we are adding crypto-currencies into the single asset/heavy asset concentration minute that supports the investment strategy document.  Please note that crypto-currencies as an investment option is already available for the Investment Strategy Review Statement as with the stand-alone minute for single asset/heavy asset concentration.
    • Pension PDS - we will be updating the product disclosure statement shortly to incorporate the legislative changes regarding the Government's red tape reduction measures.
    • Trust Deed Upgrade - the team has been working on an updated upgrade form that will incorporate a number of enhancements including:
      • Ability to add additional party - e.g. founder, employer sponsor
      • Add order to Automated Deed Service
      • Ability to request Legal Support / Review - allowing you to upload the basic fund information and have the order undergo a comprehensive legal review as part of the upgrade
    • Future documents - a number of document templates are also in the pipeline to be added in the near future on the Smarter SMSF platform, including:
      • Future Service Deduction - this will include a calculator and trustee minute
      • Re-contribution strategy
      • Death of a Member
      • Family Law split
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