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GUARDIANSHIP OF ADULTS ACT 2016 (NO 15 OF 2016) - SECT 32 Asset management planning

GUARDIANSHIP OF ADULTS ACT 2016 (NO 15 OF 2016) - SECT 32

Asset management planning

    (1)     This section applies if:

    (a)     a guardian, other than the Public Guardian or Public Trustee, has authority for financial matters; and

    (b)     the guardianship order or an order under section 33 (2)(c) requires the guardian to comply with this section.

    (2)     The guardian must:

    (a)     prepare an asset management plan in accordance with any requirements prescribed by regulation; and

    (b)     as far as reasonably practicable, manage the represented adult's property in accordance with that plan.

    (3)     Without limiting the matters that may be provided for in regulations, a regulation may provide for any of the following:

    (a)     the form of an asset management plan, which may be in a form approved by the Tribunal or a specified person;

    (b)     the matters to be dealt with by an asset management plan;

    (c)     the requirement for an asset management plan to be approved by the Tribunal or a specified person;

    (d)     the persons who must or may be given copies of the asset management plan.