June releases included many smaller updates. AML/KYC verification has become easier with improvements to filtering and export of verification data throughout the site. Performance improvements have been made to the Holder details page and Security transactions table. The CRS report and tax statements have been updated to the latest guidelines. And we’ve continued to finetune the Xero integration feature. Plus many other improvements and bugfixes.
Investor verification tables
- The Client centre Investor verification tables can now be exported to XLS format. Issuers can bulk export all tables from the new ‘AML/CTF report’ menu item under ‘AML/CTF verification’ in the main menu, or each table can be exported individually via the Actions menu for that table.
All issuer table
- The Client centre All issuer table columns have been updated to improve the visibility of actions required:
- A new column has been added for ‘Applications requiring AML/KYC’
- Columns for ‘Emails pending approval’, ‘Bounced emails’ and ‘Letters to be posted’ have been combined, listing all three in the same cell.
- Columns for ‘Offer applications unpaid’ and ‘Offer applications paid’ have been combined, listing both in the same cell.
- In the All issuer table export, new columns have been added for:
- Financial year end
- Issuer ABN
- Investment body entity type
- Investment body entity subtype
Performance improvements
- Performance improvements have been made to:
- Security transaction table filtering
- Holder details page
- Holder details page User access tab
- Holder details page Communications tab
Applications
- Updates have been made to offer and application management to increase visibility of applications requiring AML/KYC action.
- A new column, ‘AML/KYC required’, has been added to the Offer list.
- The Offer details Applications list has improved filtering on the Verification column to identify applicants requiring verification in specific categories.
- To comply with Document Verification Service consent laws, the application form now has clearer language in the consent items which must be checked before accessing the offer documents and application form. This includes:
- Applicants must now confirm they have agreed to both the Issuer’s and Platform Providers Privacy Policies. A Privacy Policy URL field has been added to the Client and Issuer centre profile pages, which will populate a link to the Issuer’s privacy policy in the application form.
- Applicants must now confirm they are authorised to provide personal details.
- Improvements have been made to the ‘Save as draft’ modal to display a confirmation message on entering the security code, and prevent accidentally closing the modal before entering the code by clicking outside it.
- The Issue securities section of the Application details now only displays the transaction tags dropdown if transaction tags have been created by the issuer.
- Fixed a bug resulting in the Activity log for an application recording the date the application was submitted as an ‘Application edited’ date if the application had previously been saved as a draft.
- Fixed a bug which caused the ABN entered for a company in the application form to be displayed as an ACN in the Application details Submitted details tab.
Client centre All holdings table
- Extra columns and new export options have been added to the Client centre All holdings CSV export to match the Issuer centre functionality.
ATO reports
- The CRS report has been updated to use the CRS XML v3.0 schema, ahead of 2027 requirements.
- If a company has declared it is a Financial Institution, it will no longer be reported in the CRS report.
- Fixed a bug in the CRS report which resulted in the Address Line 1 of some investors not being added into the correct field of the report.
Xero integration
- The Settings UI has been updated to include more information about events tracked and the resulting syncing actions and Xero posting. Additional descriptions have also been added to the System account mapping UI to make the purpose of the accounts clearer.
- New system accounts have been added to cater for additional states that are required.
- When the payable amount on an application is zero, an invoice will not be created in Xero.
- When the paid amount on a transaction is zero, a manual journal entry will not be created in Xero.
Tax declarations
- When a user edits the tax declaration on a contact to set either the Australian or foreign country of residence to No, any respective TFN or TINs will be removed as well.
- Australia has been removed from the dropdown list in the TIN section of the tax declaration to prevent errors in completing the form.
Investor import
- The import spreadsheet column labelling has been updated to make it clearer which tax numbers should be entered in which cells for companies and trusts
Investor centre
- Fixed a bug which allowed investors to edit some identification details which could change the registration details of their holdings.
Tax statements
- Updates have been made in both the tax statement form and PDF to reflect the latest guidance from the ATO
- Some references to labels and names have been updated.
- Rows in Part C Table 2 relating to NCMI capital gains have been moved to Part C table 3.
Payments
- The message details page of the payment statement communication to investors now includes a link to bulk download a zip file containing all payment statements.
- When ordering the Payments table by date, a secondary order is made on the payment ID column in the same direction as the payment date order. This makes sorting payments made on the same date better.
Search
- Issuers can now search for lodgement reference/ABA reference numbers by selecting the Payments option when searching.
- Fixed a bug that occurred when a search result is returned from a different issuer than the selected issuer, causing an error when clicking on the link. Users can now switch between issuers from links in the search results.
Communications
- Fixed a bug which occurred when forwarding a sent email to another email address, resulting in a blank screen error.
Transactions list
- Fixed a bug in the Client centre transaction list which caused a bug when filtering the table by tags and exporting to CSV.