POWERS OF ATTORNEY ACT 2006 - SECT 10 Meaning of property matter

POWERS OF ATTORNEY ACT 2006 - SECT 10

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