For accounting practices
A specialist compliance layer, alongside the ledger you already run
Class and BGL Simple Fund 360 already report the 45-day rule, contribution caps and Division 296. They report them on your side, at admin time, after the trade has already happened, which is where the year-end surprises come from. SMSF Core moves the same numbers to the trustee and to real time: your client sees their own 45-day and franking position before they sell, tracks Division 296 through the year, and grants your practice a read-only view of the same cited figures. It sits alongside your ledger platform and exports to both, so nothing is replaced. Fewer surprises reach your desk, and the records arrive reconciled.
The 45-day position is reported on your side, when you process the fund
The trustee sees the 45-day status on their own screen, before they sell (ITAA 1936 s 160APHO)
Division 296 is modelled in a planning tool at admin time, one member at a time
Each member's Division 296 exposure is tracked all year, so it is visible early, not at lodgement
Records arrive as broker CSVs and PDF statements for you to reconcile
The trustee keeps cited records as they go, so you review them instead of rebuilding them
A 45-day breach or a crossed threshold surfaces at year-end, on your desk
The trustee catches it before the trade, so fewer surprises reach you
The practice workspace
M-PRO is a read-only board across every client fund whose trustee has granted access. Franking status, 45-day exposure, contribution caps and Division 296 positions sit in one place, each cited to its ATO or statute source. Access is granted by the trustee and revocable by them, so it stays consent-based. The practice tier starts at $149 per month for up to ten funds.
The two are not substitutes. Your ledger platform still lodges and still runs the audit. SMSF Core is the specialist layer beside it, and it exports to BGL Simple Fund 360 and Class so nothing is locked in.
Common questions from practices
- Does SMSF Core replace Class or BGL Simple Fund 360?
- No. Class and BGL Simple Fund 360 are the ledger and annual-return platforms your practice runs, and they still do that job. SMSF Core is a specialist layer that sits alongside them: it surfaces per-parcel 45-day franking status, Division 296 exposure and contribution caps across the year, each figure citing its ATO source. It exports to BGL Simple Fund 360 and Class, so there is no data lock-in.
- How do accountants get access to a client's fund?
- Access is consent-based. The trustee owns the fund record and grants your practice a read-only view, which the trustee can revoke at any time. You see the same cited figures the trustee sees.
- What does the practice tier cost?
- The practice workspace (M-PRO) starts at $149 per month for up to ten client funds, with higher tiers for larger practices.
- Does SMSF Core track Division 296 for each client member?
- Yes. It tracks each member's total super balance against the $3 million and $10 million Division 296 thresholds through the year, so the exposure is visible before lodgement rather than reconstructed at year end.
Not a licensed financial service. Information only. Named platforms are referenced for compatibility and are the property of their owners.