Sample fund, illustrative data only (as at 5 July 2026). Nothing here is connected to a real fund.
Before the trade
The 45-day answer, before the sale instead of after year end
The sample fund holds 950 VAS units across two parcels, one of them bought days before the last distribution went ex. Move the slider to size a hypothetical sale on 5 July 2026 and the figures move with it. Nothing here places a trade.
- Units that would not meet the 45-day test
- 300
- Franking credits affected
- $88.20
- Earliest date those units meet it
- 5 Aug 2026
If the sample fund sold 950 VAS units on 5 July 2026, 300 of those units would not meet the 45-day holding test, and $88.20 of franking credits would be affected. The earliest date those units meet the test is 5 Aug 2026.
Sample fund figures only, fixed as at 5 July 2026. Parcels are consumed newest first, because s 160APHI(4) makes that order mandatory for the holding-period test.
Parcel-by-parcel detail (LIFO), most recent first
- VAS bought 20 June 2026 · 300 unitsAcquired 15 days agoAt risk
Selling forfeits $88.20 franking · the 45-day window closes on 5 Aug 2026
- VAS bought 17 May 2022 · 650 unitsAcquired 1510 days agoQualified
Qualified: no franking at risk on this parcel
Scenario: qualified parcels only
- A sale of 650 qualified units (rather than 950) would carry:
- Franking at risk: $0.00
- The remaining 300 units reach qualification on 5 Aug 2026
The 45-day rule
Shares must be held at risk for at least 45 days around the ex-dividend date (90 for certain preference shares) for the franking offset to apply; the days of purchase and sale don't count.
A year in forwards
Twelve months of paperwork, one email at a time
Every card below is one document the sample trustee forwarded during FY 2025-26. That is the whole year's filing effort. Tap a month to see what landed.
26 of 26 documents forwarded
Property
The same machine, for a fund that owns a property
The sample fund holds one house alongside its shares. The rent statement, the lease and the valuation are forwarded as they arrive, and the same record keeps the register, the rent ledger and the expense trail. Everything below is read only.
What it is worth, on the record
A correction appends. Two entries sit on 30 June 2026, and neither was written over. The year that opened on 1 July 2026 has nothing on file yet, and the record says so.
The rent year, fortnight by fortnight
One cell per fortnight of $620.00, from the lease.
- 5 received
- 1 awaiting confirmation
- 1 not received
One fortnight, 30 May to 12 June, has no receipt against it. It stays on the ledger as not received.
What it costs to hold
- 3 deductible expense
- 1 capital works
- 1 loan interest
- 1 uncategorised
Fixed keyword rules put a class against each payment, and every class is a suggestion until the trustee confirms it. The 18 June line matched no rule at all, so it stays uncategorised.
1 of 1 property has no valuation recorded for the current financial year. The year that opened on 1 July 2026 has none on file yet. The most recent valuation recorded is dated 30 June 2026.
Below is the same record in the product's own screens: the register with its valuation trail, the rent ledger period by period, and the outgoings with the class each one carries. These are the components a signed-in trustee uses, with every control switched off.
Sample property, illustrative data only, shown as at 5 July 2026. It is not connected to any real fund or any real address. Not a licensed financial service.
Evidence
Chasing one valuation used to take weeks of emails.Now it takes one request.
Sample fund, illustrative data
Old way
Weeks- Can you send the valuation?No reply
- Following up on the valuationOpened 9 days ago
- Still need the 2027 valuationWrong year sent
SMSF Core
One requestMarket valuation evidence for 42 Kembla Street, Wollongong, FY 2027
- Asked
- Received
- Confirmed
- In BGL
BGL Documents
- SMSF CORE
- MARKET_VALUATION
- FY2027
Preparer: source documents complete
Case
ResolvedResolution summary
- Why it exists
- Market valuation for 42 Kembla Street, WollongongBasis: SIS Reg 8.02B market value; ATO valuation guidelinesRaised from the fund's records on 5 May 2027 08:10 AEST
- What was expected
- Market valuation evidence for 42 Kembla Street, Wollongong, FY 2027FY2026-27, filed under Valuation, due 30 June 2027
- Already in BGL
- Not recorded for this request
- What was missing
- Market valuation evidence for 42 Kembla Street, Wollongong, FY 2027
- What the trustee sent
- scan0034.pdfDocument id sample-documentReceived 12 May 2027 08:48 AEST
- Who confirmed
- Trustee, on 12 May 2027 09:02 AESTConfirmed through the Documents page; the person's identity is not recorded on the ledger
- Written to Simple Fund 360
- Uploaded to BGL Documents on 12 May 2027 09:02 AESTDocument key: Not recordedTags: SMSF Coremarket_valuationFY2027
- Resolved
- 12 May 2027 09:02 AEST
What the document reading found
| Fact | Read | Expected | Verdict |
|---|---|---|---|
| Document type | Market valuation | Market valuation | Uncertain |
| Relates to | 42 Kembla Street, Wollongong | 42 Kembla Street, Wollongong | Uncertain |
| Financial year | FY2026-27 | FY2026-27 | Uncertain |
| Period covered | Not stated | As at a date in the year | Uncertain |
ReviewHuman review required
Timeline
| When | Step | Outcome |
|---|---|---|
| 5 May 2027 08:10 AEST | Request raised | Raised from the fund's records |
| 5 May 2027 09:05 AEST | Email sent | Request emailed to the trustee |
| 12 May 2027 08:48 AEST | Document received | scan0034.pdf, matched at 60% |
| 12 May 2027 09:02 AEST | Uploaded to BGL | Uploaded; key pending |
| 12 May 2027 09:02 AEST | Satisfied | Saved to the register |
View audit trail
| Event | Actor | When | Outcome |
|---|---|---|---|
| Request raised | Rules over the fund's records | 5 May 2027 08:10 AEST | Raised from the fund's records |
| Email scheduled | System | 5 May 2027 08:10 AEST | Queued for the Sydney morning window |
| Email sent | System | 5 May 2027 09:05 AEST | Request emailed to the trustee |
| Document received | Document reading (heuristics) | 12 May 2027 08:48 AEST | scan0034.pdf, matched at 60% |
| Uploaded to BGL | System | 12 May 2027 09:02 AEST | Uploaded; key pending |
| Satisfied | Trustee | 12 May 2027 09:02 AEST | Saved to the register |
Model used: Not recorded
Trustees confirm facts. Your accountant keeps the judgement.
Before anything is recorded
Three files arrive for the same request. The trustee sees what was read, and where it differs.
The valuation that was asked for
scan0034.pdf
- Document type
- Market valuation
- Relates to
- 42 Kembla Street, Wollongong
- Financial year
- FY2026-27
- Period covered
- Not stated
- CheckedNo discrepancy found between the document and the request.
A person decides. Nothing is recorded until confirmed.
Last year's valuation
scan0031.pdf
- Document type
- Market valuation
- Relates to
- 42 Kembla Street, Wollongong
- Financial year
- FY2025-26
- Period covered
- Not stated
- MismatchPotential mismatch: the document appears to cover FY2025-26; the request is for FY2026-27.
A person decides. Nothing is recorded until confirmed.
The lender's valuation
scan0036.pdf
- Document type
- Market valuation
- Relates to
- Loan over 42 Kembla Street, Wollongong
- Financial year
- FY2026-27
- Period covered
- Not stated
- MismatchPotential mismatch: the document names Loan over 42 Kembla Street, Wollongong; the request is for 42 Kembla Street, Wollongong.
A person decides. Nothing is recorded until confirmed.
Partner scope
What this would look like in BGL Workflow
| Our event | BGL Workflow object |
|---|---|
| requested | job per fund per FY; task created |
| email sent | no change; our event log only |
| received | task note: received |
| confirmed | task note: confirmed by the trustee |
| uploaded to BGL | document in BGL Documents with tags (runs today) |
| satisfied | task completed |
The right column requires the smsf_partner scope and is not live. The left column runs today.
A deposit on 14 August we could not identify
14 August7,850.00 AUDDEPOSIT 7850 REF 4471
- A personal contribution
- An employer contribution
- A rollover from another super fund
- Rent
- A dividend or distribution
- Proceeds from selling something the fund owned
- A refund
- A loan drawdown
- A transfer between the fund's own accounts
- Something else
Deposit on 14 August: trustee says a personal contribution. No attachment. Professional review required.
Sample fund, Walker Family Super Fund (sample): illustrative data only. No email is sent from this page, no file is uploaded, and nothing is connected to a real fund or a real BGL account. Not a licensed financial service.
The fund as a city
Every holding is a building and the fund's property is the house at the end of the row; the ring at each base is its status. Tap one for its parcels, its dividend year or its rent record.
One statement, from inbox to filed
The short version of what SMSF Core does, told with the sample fund's own figures. Click through; nothing you do here is saved.
A statement lands in your inbox
A statement arrives
Broker, registry or employer, in the trustee's inbox
Forwarded to the fund
statements+sample@in.smsfcore.com
The evidence bucket fills
0 statements, filed and dated
Watchers read it all year
45-dayCapsDiv 296Pension minimums
June is an export
The accountant gets the pack, not an email chase
Your fund has one private address for its paperwork: statements+sample@in.smsfcore.com