The SMSF Professionals’ Association of Australia (SPAA) has welcomed the Federal Government’s decision to defer the proposed ban on off-market transfers between SMSFs and related parties where a market exists.
According to the Federal Treasury website, the proposed ban is now planned to take effect from July 1, 2013.
SPAA technical director Peter Burgess says the decision to defer the start date is necessary to give Treasury more time to work out a number of serious practical issues that threaten to de-rail the measure.
To watch an interview with Burgess, who yesterday addressed the SPAA Technical Conference on a range of issues, click on the video below.
