Superannuation Industry (Supervision) Amendment Regulation 2012 (No. 2) (183 of 2012)

Schedule 1   Amendments

[5]   After regulation 8.02A

insert

8.02B Asset must be valued at market value

For subsection 35B (2) of the Act, for the year of income 2012–13 and any later year of income, when preparing accounts and statements required by subsection 35B (1) of the Act, an asset must be valued at its market value.

Note Market value is defined in subsection 10 (1) of the Act.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).