Self-managed super fund valuation Dated 30 June, every time.
Two report types cover a fund’s property: the self-managed super fund report and its annual update. Both are short-form desktop reports dated 30 June, and Valufield drafts and checks each.
A report and its update.
The two types share their rules and differ in what they start from.
Self-managed super fund
The first valuation of a property for a fund, dated 30 June of the financial year asked for. The client is the trustee as trustee for the fund, and the accountant instructs it.
Self-managed super fund (update)
For a property you have valued for the same fund at an earlier 30 June. It adds a previous valuation section and the trustee’s written confirmation of any change.
What both must state
Market value and market rent, who may rely on the report and until when, and that no compliance advice is given.
The same rules, fresh evidence.
The date is warned early
The start screen and the result warn when the valuation date is not 30 June, and the final check blocks it. A report issued after 30 June is worded as retrospective.
Fresh sales and leases
Both types use sales and at least three leases at the new 30 June. An update never indexes or rolls forward the old figure, and is always a new standalone report.
Desktop, with a trustee note
There is no inspection. In an update the trustee confirms by email what has changed. AI may suggest descriptive wording only; value, rent and evidence stay with the valuer.
Strict on the details.
The checker says BLOCK or WARN and where to fix it.
Reliance and advice
Only the client may rely, and reliance ends after the stated financial year. The auditor may not rely, and the report must give no compliance advice.
Rent evidence
Fewer than three leases blocks. Market rent and passing rent are both stated and compared. Industrial, commercial and retail show two methods in full.
No inspection wording
The report must say it is a desktop valuation, and any claim of an inspection blocks. A related-party lease is valued as it stands.
Review, then release
A second valuer peer-reviews the recorded file. Release is a separate gated step and never emails the report.
The templates are NSW-first drafts for your principal’s review. Whether a report meets an auditor’s or the fund’s needs stays with the firm.
Straight answers.
Is there a full inspected report?
Not in Valufield. Both fund types are short-form desktop reports, so there is no inspection. The templates are drafts until your principal signs them off.
Can we roll last year’s value forward?
No. An update values afresh from sales and leases at the new 30 June, and the checker blocks indexing of the earlier figure.
Does the report say a property is business real property?
No. It records observed use as a fact and gives no opinion on whether a property qualifies. That is for the fund’s advisers.
See it on a job like yours.
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