1. 2025 SMSF Tax Time Now Available!
We’re excited to announce that Simple Fund 360 has added the 2025 SMSF Annual Return and associated tax changes. Here's what’s included in this release:
- The 2025 SMSF Annual Return user interface and PDF are now available. Note: The ATO has not made any structural changes to the 2025 return compared to 2024.
- Wind-ups processed for the 2025 financial year will now generate and lodge the 2025 Annual Return. If you have already Created Entries up to the Wind Up date, you must reverse and create entries again to take effect.
- Digital signing is enabled for the 2025 return and related schedules.
- The Income Tax (85000) account now reflects the 2025/2026 financial year data.
2. Automatic Import of Macquarie CMA & Accelerator Statements
Macquarie Cash Management and Accelerator accounts connected via the BGL Bank Data Service will now benefit from automatic six-monthly statement imports.
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Statements are issued by Macquarie directly to BGL every six months covering 1 July- 31 December and 1 January - 30 June.
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Automatically imported into the Documents screen and Workpapers
- No action required from Trustees—saving time and improving compliance workflows
For more information about this feature, please click here
3. Pensions updated for 2026
Minimum factors for pensions for the 2025/2026 financial year have been added to assist with compliance and monitoring.
The following reports have been updated to reflect the 2026 financial year:
- Projected Pension Calculation
- Pension Payment Declaration
4. AI Assistants
The long-awaited wait is over, we are excited to announce the introduction of two Beta Version AI Assistants to all users (click here for the general user guide):
- BGL AI Assistant - A lightweight yet powerful assistant designed to enhance your experience in Simple Fund and Simple Invest 360. This smart assistant delivers fund-specific insights, guides you through the software, and sources trusted information directly from the ATO. With new capabilities like generating Word and PDF files, creating charts and diagrams, and interacting with uploaded files such as Excel and CSV, the AI Assistant goes beyond information retrieval to help you produce meaningful content and streamline your workflows.
- ATO AI Assistant - A simple, dedicated AI Assistant purely for quickly searching official ATO content without any fund-specific context.
Please note: Admins and Account Owners have default access to these AI Assistants. Access can be managed via the User Role Management screen under Settings.
5. Request Matching
A new Request Matching button is now available on the Transaction List page, allowing users to manually re-trigger System Matching for unmatched transactions.
How it works:
- Click the Request Matching button to run the matching process on all currently unmatched transactions.
- Once matching is complete, a pop-up window will automatically display the results.
- An information icon is also available to let you review the most recent matching result at any time.
This feature makes it easier to quickly reattempt matching after making updates to transaction details, contact records, or matching rules—without needing to reimport data.
- Bank Data Service - Added BSB 013993 and 014936 as accounts that are not supported for bank feeds.
- BGL Open Banking - Enhancement made to import the current balance for loan accounts.
- CFS Wrap and CFS Edge Wrap Feed - CFS Wrap products migrated to Edge during 15th and 22nd April. Changes made to support the migration process.
- Consolidated Reporting - Date settings are now saved at a Group level.
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Corporate Actions:
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3 new mergers added.
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Updated and added a link to the help article for Premier Investments Limited (PMV).
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- Document Upload - The Document Upload window has been updated to a new design, which is consistent across the Digital Signing and Custom Reports screens. The new window includes more detailed document handling, a QR code to use your mobile device as a portable scanner, and the SmartDocs email address.
- Entity Details - Financial year selection now includes quarterly options
- Profit Distribution - Tax components will now fill automatically for scenarios where split is based off of taxable profit when accounting profit is negative.
- Property Dashboard - CGT cost base now includes any cost base reset transactions.
- Property Dashboard - Properties that have been sold will now be flagged as such.
- Property Dashboard - Added a filter to show properties that are linked to a related party.
- SMSF Annual Return (Section A) - Add Copy Button for Refund Bank Details
- Tax Return - The trust tax return now supports foreign addresses.
- Wraps and Platforms - Macquarie Wrap Feed - Supporting the new version of Income Transaction extract to include more comprehensive tax data. With this latest version, BGL will be able to receive additional tax data, providing more detailed income tax components.
- Wraps and Platforms -Praemium Wrap Feed - Enhancement made to handle foreign currency transaction conversion when FX Account Currency rate not provided.
- Distribution Tax Automation - Fixed an alignment issue for screens on a smaller resolution
- Property Dashboard - Editing an existing property valuation through the Investment Security List now properly updates the valuation in the Property Dashboard.
- Lodgement Status Report - The Excel export of the report now displays the Amount Due or Refundable.
- Reports - Names with brackets will now display correctly on the Detailed Statement of Financial Position.