Nikon has released a pair of Nikon 1 Lens firmware updates:
1 NIKKOR VR 10-30mm f/3.5-5.6L Firmware Update 1.10: USA | Europe
1 NIKKOR VR 30-110mm f/3.8-5.6 L Firmware Update 1.10: USA | Europe
Modifications enabled with L firmware Ver. 1.10
When this lens is used with Nikon 1 cameras released in, or after, August 2012, the camera can be turned off by locking the lens barrel (retractable lens barrel button), even if the monitor has turned off and the camera has entered standby mode.