Ann: Class - 30 September 2019 Update, page-3

Good question SimonGr.

It is impossible to tell from the release, but I must assume that the 600 Trust accounts are non income generating, at least for the first 3-6 months.

As a Class Super user, our transition from BGL to Class was provided at no charge for first 6 months. Thereafter, standard fees have applied.

I see no reason not to be;lieve that the new product will be introduced to market and/or launch on much the same basis.

Importantly, getting new accounts is really the hard part of Class's software subscription service model. Retention rates are very high.

Although far from perfect, Class Super has been a very good move for us, significantly improving our efficiency and standardising processing.

Class Trust may capture a huge market, way beyond accountants. However, that will take time (as in years) to come to fruition.