GUARDIANSHIP — defendant incapable of managing her affairs — application by father for appointment of private company as financial manager — private company not a trustee company — whether company requires a financial services licence — whether private manager should receive remuneration — whether private manager in position of conflict of interest and duty due to personal interest in investing defendant's assets in certain financial products — noted that relationship between protected person and manager under the scheme of the NSW Trustee and Guardian Act is that of principal and agent, not trustee and beneficiary, so legal title in protected person's property should not vest in manager — no orders made unless and until private manager obtains financial services licence — NSW Trustee and Guardian appointed interim receiver and manager
Case Details
Citation[2012] NSWSC 1543
CourtNSWSC
JurisdictionNew South Wales
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