ALY - Running Commentary, page-64

A SMSF can acquire shares in a listed company, but in order to avoid some ATO pain, the price has to be market value. For a period,( a few years back now) the trade had to be done on, say, the ASX. However, that rule no longer applies.

It therefore comes down to convincing the ATO of market value. An ASX trade would be best evidence provided that it was done within reasonable limits. An 0ff-market trade at the last (very recent) closing price would be ok too.

The sale by a member to a related SMSF would be a CGT event. That could mean that a sale at the low end of the range would suit both parties, especially if the member is in a retirement situation.