Accountants are receiving a multitude of enquires around updating deeds in the lead up to the introduction of the superannuation reform legislation, according to legal document provider, Topdocs.
Topdocs had launched its new self-managed super fund (SMSF) deed update software in response to the forthcoming super changes, which director Michael Spakman said would assist accountants to perform better under time constraints.
“Our links with BGL Simple Fund, Simple Fund 360, Class Super and SuperMate mean that accountants can use the information already stored in their accounting software to order their deed updates, without having to complete a single order form,” he said.
The offering would be compatible with pre-existing SMSF software and include a legal review and sign off for all deeds to limit discrepancy issues.
“Our safety net of legal review and sign off ensures that the legal risk associated with the updating of the deed stays with our legal practice, and not the adviser placing the order, Spakman said.
The 2016-2017 federal budget superannuation reforms will change from 1 July.
