Changes To Off Market Transfers Deferred Until 1 July 2013

Yesterday the Federal Government announced the deferment of its proposed off-market transfers ban between self managed super funds and related parties until July 1, 2013. The ban was to come into effect on July 1 this year but, according to the Federal Treasury website, the proposed ban is now planned to take effect from July 1 next year. The delay has been welcomed by many as the deferred start date is necessary to give Treasury more time to work out the serious practical issues that threaten to derail the measure.