Super News

Market Valuation Requirements

Posted in SMSF Auditor, SMSF News

New market valuation requirements commenced from 30 June 2013. All assets are now required to be reported at market value and the valuation should be based on objective and supportable data.
This requirement also applies to unlisted and private companies. It is important that the SMSF Auditor is provided with financials for those entities and other data to verify the market value.