Powers of Attorney Act 2006

In this Act:

property matter, for a principal, means a matter relating to the principal’s property.

Examples of property matters a power of attorney may deal with

1 paying maintenance and accommodation expenses for the principal and the principal’s dependants

2 paying the principal’s debts and expenses

3 receiving and recovering amounts payable to the principal

4 carrying on the principal’s trade or business

5 performing contracts entered into by the principal

6 discharging a mortgage over the principal’s property

7 paying rates, taxes and other outgoings for the principal’s property

8 insuring the principal or the principal’s property

9 preserving or improving the principal’s estate

10 investing in authorised investments for the principal

11 continuing investments of the principal, including taking up rights to share issues, or options for new shares, to which the principal becomes entitled because of the principal’s shareholding

12 undertaking transactions for the principal involving the use of the principal’s property as security for the benefit of the principal

13 undertaking a real estate transaction for the principal

14 dealing with land under the Land Titles Act 1925 for the principal

15 withdrawing amounts from, or depositing amounts into, an account of the principal held with an authorised deposit-taking institution

16 legal matters in relation to the principal’s finances and property