You need to value the fund’s assets:

• each income year to prepare your financial statements
• when reporting certain events for the purposes of the transfer balance cap
• if your fund sells assets to or purchases assets from a related party
• if you need to determine the percentage of in-house assets in your fund
• on the commencement day of a pension
• if your fund transfers a collectable or personal use asset to a related party (the valuation must be done by a qualified independent valuer).