The Government has deferred the start date from 1 July 2012 to 1 July 2013 for some of it’s Stronger Super reforms for SMSF’s  including the proposal to require related party transactions involving SMSF’s to be conducted through the market where one exists, such as listed securities.

The main reason for the Government wanting to implement this law was that, in some instances, there was manipulation of the price because there was flexibility about the dates which go on transfer forms, particularly for share registers.

Members can continue to make in specie contributions of shares or units to their SMSF via an off market transfer up until 30 June 2013.