Business News

Class Super adds automated valuations

SMSF administration software provider Class Financial Systems has included a new automated property valuation capability for its industry application, Class Super.

The new facility has been developed in conjunction with property valuation specialist RP Data and has been provided at no extra cost to Class’s existing clients.

“The launch of automated property valuations, along with our broader property valuation console capabilities, is in direct response to the SMSF sector’s increased interest in direct property and release of the ATO’s (Australian Taxation Office’s) Valuation Guidelines for SMSFs. This feature, among other things, supports the annual valuation requirements stipulated by the ATO for the 2013 financial year onward,” Class Super chief executive Rajarshi Ray said.

To further enhance the offering, Class will follow up the launch with additional functionality in the coming months.

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