Guardianship of Adults Regulations 2016

For section 28(1)(b) of the Act, a guardian must, at all times while the guardian has authority for financial matters, keep complete and up‑to‑date records of the represented adult's assets and liabilities.

The records must include:

sufficient information to identify each of the represented adult's assets and liabilities; and

for each asset and liability, information related to:

all dealings and transactions with the asset or liability; and

the condition and management of the asset or liability; and

any other information reasonably necessary to demonstrate that decisions in relation to the represented adult's financial matters are being made in accordance with the Act.