Deferral of off market transfer ban to 1 July 2013

The Government has deferred to 1 July 2013 (previously the proposed start date was 1 July 2012) the Stronger Super measure requiring transfers of assets to or from SMSFs to be conducted through a market.

This proposal will apply to listed securities and will require an SMSF member wishing to transfer listed securities to their SMSF, to sell the listed securities on the market and for the SMSF to buy those securities on the market.

Where no market exists (eg real estate) then any transfers between the SMSF and a related party would have to be supported by a valuation from a suitably qualified independent valuer.