Use ffmpeg afterwards.
Of course there are other tools.. I would have liked to do the job directly in WL. Then I’ll probably downgrade to WL11, if it still works. 
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100 %
But those simple tasks seemingly do not comply with being a “professional”… which is what WL is for.
Sorry for being sarcastic here. But even though WL is a phantastic program in itself, I am rather disappointed by its lack of basic functions. It costs 489 €…
The operating system sets the limit. On Mac, you can encode up to 320 kps, but not on Windows.
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If I remember correctly I had to login online to my Steinberg account (not the Download Assistant nor the Activation Manager) and redeem a voucher for the Fraunhofer AAC, then I could activate it.
I upgraded from WaveLab 11 Pro, so not sure if you would also get a voucher if you owned the Elements version.
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Right, if you had the WaveLab 11 version.
I have asked Steinberg support. You were right, the voucher was only for the Pro’s. Too bad Thank you anyway guys..