BGL Assistant (Beta)

Overview

Overall, this AI Assistant is a lightweight AI assistant that provides fund-specific, software-specific, and trusted external source information:

Fund-specific information → Retrieved via Entity Overall Info

Software-specific information → Acts as a smart guide to screens in SF/SI 360

Trusted external sources → Searches official ATO websites as references

Fund-specific information 

The AI Assistant can access and return basic summary information of the fund using internal data, including:

i) Fund-Level Information:

• Fund Name, ABN/ACN
• Entity Type (e.g., SMSF)
• Date Established

• Financial Year Dates

• Fund Tax Rate

• Disposal Method (CGT Treatment)

• Registered and Postal Address

• ESA (Electronic Service Address)

• Share Trading Entity Status

ii) Member Information:

• Member Name
• Age (calculated),
• Contribution details for the last 5 years from the current year as per fund details, including:
  • Bring-Forward Trigger Status
  • Contribution Caps and Amounts (Concessional & Non-Concessional)
  • Total Super Balance (TSB) of prior years
  • Downsizer or COVID-19 recontribution summaries
  • Any cap differences or over-contributions

iii) Trust Deeds:

• Deed type, date, clause number, and attached file names (no real access to trust deed files)

iv) Relationships:

• All people linked to the fund (e.g., trustees, accountants, auditors) with their roles and contact info. 

External ATO Web Search Capabilities 

If users inquire about ATO rules or compliance checks (e.g., contribution caps, tax treatment, TSB thresholds), the AI Assistant can search the official ATO website - ato.gov.au - for information. It will retrieve information directly from this ATO site and compare the rules to your fund’s actual situation (as long as the required data is within the AI assistant's internal scope).

Smart Guide with software-specific info - Redirect Links for Further Information

If the AI Assistant cannot answer a question due to limited access to internal data, it will let you know:

“For now, I don’t have access to this particular information. But you can navigate to the relevant page in the software to check it directly.”

Questions You Can Ask

Here are examples to help you get started

Fund Info Retrieval

• Show me the fund details for this SMSF.
• Who are the members and what are their roles?
• What is the fund’s tax rate and disposal method?

Contribution Checks

• Has any member exceeded their concessional cap this year?
• Who triggered the bring-forward rule?”
• Show the non-concessional contributions and caps.

Compliance & ATO Law Lookups

• What is the current concessional contribution cap according to the ATO?
• Does this fund meet ATO rules for downsizer contributions?
• What are the tax implications if the fund is not a resident?

Where to look up certain details or functions in the software

• Where can I find a fund’s investment return details?
• Which page shows the fund’s contribution history?
• Where do I update member personal details?
• Which screen helps review unmatched transactions?
• Where can I view pension drawdown details?

Actions You Can Request

With the help of the AI Assistant, users can quickly generate a wide range of content, such as graphs, tables, summaries, and more, by simply requesting.

For example:

• Generate a PDF summary of this fund’s details.
• Plot a chart showing member contributions over the last 3 years.
• Search the ATO website for the latest concessional contribution cap.

• Convert this Excel file to CSV and summarize its key data.

• Create a visual diagram of fund relationships.

Actions with files: 

• "Use the uploaded Excel file to compare member balances with ATO TSB thresholds."
  
• "Convert this Excel file to CSV and summarise its key data."
  
• "Convert this uploaded Excel file into a PDF report."
  

Limitations of this AI Assistant

As this AI Assistant is a minimal version trial, there are current limitations to be aware of:

• It cannot access investment, bank, or transaction-level data in detail.
• It does not read document contents beyond high-level trust deed metadata.
• It can’t verify anything outside the fields listed above.