The Superannuation Industry (Supervision) Amendment Regulation 2012 (No. 2) has been registered and requires trustees of self-managed superannuation funds (SMSFs) to value assets of the fund at their “market value” when preparing accounts and statements from the 2012–13 income year. A new operating standard will also require trustees to keep money and other assets of an SMSF separate from any money or assets held by trustees personally or by a standard employer-sponsor (or an associate). SMSF trustees are required to “review regularly” the investment strategy. The amending regulation commenced on 7 August 2012.