Guardianship and Administration Act 2019

VCAT may specify in a supportive guardianship order or supportive administration order that the supportive guardian or supportive administrator, as the case requires, has power to take any reasonable action or do anything that is reasonably necessary to give effect to a supported decision, other than a decision about a significant financial transaction.

In this section, significant financial transaction includes—

making an investment for the supported person or continuing an investment of the supported person, including taking up rights to issues of new shares or options for new shares to which the supported person becomes entitled by the supported person's existing shareholding; or

undertaking any real estate transaction for the supported person, excluding entering into a residential tenancy for a premises in which the supported person lives or intends to live; or

dealing with land on behalf of the supported person, including taking out a loan on behalf of the supported person or giving a guarantee on behalf of the supported person; or

undertaking a transaction for the supported person involving the use of the supported person's property as security for an obligation; or

buying and selling substantial personal property on behalf of the supported person.

For the purpose of the definition of significant financial transaction in subsection (2), paragraph (a) does not include investing or continuing an investment of an amount of $10 000 or less in total in one or more interest‑bearing accounts of an ADI.