Getting it Right: Asset Valuation & Compliance for SMSFs

Technical Summit 2024

By watching this workshop session you will:

  • Gain a comprehensive understanding of how the legal requirements, the standards for auditors and the ATO guidelines all interact in relation to SMSF asset valuations.
  • Learn with real-life examples how to manage the challenges and consequences when SMSF trustees fail to meet SIS Regulation 8.02B, an ACR is reported or NALI is triggered.
  • Master the process of gathering sufficient audit evidence for both standard and non-standard assets and be equipped with the expertise needed to ensure compliance and avoid ATO scrutiny.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association