Superannuation Fund Assets Valuation

Accurate asset valuation is an essential ingredient in ensuring your Self Managed Super Fund (SMSF) complies with super legislation. SMSF assets must be valued at their current market value, either by the fund’s trustees or independent professional valuers. The exception is the valuation of collectables and personal use SMSF assets, which must be valued by an independent professional. The qualified independent valuers must be unrelated to any fund members and must have formal qualifications and/or professional knowledge and experience in valuing specific types of assets.

Fund trustees have the option of using professional valuers for their other SMSF assets. This may be worthwhile for assets that represent a significant portion of the fund’s total value, or where an accurate market value is difficult to determine.

SMSF auditors may also request an independent valuation of SMSF assets as a part of their normal annual audit. SMSF auditors must be approved by the Australian Securities and Investments Commission (ASIC).

Di Veroli Property Group is an independent valuation firm that provides accurate  SMSF asset valuation.