South Australian Consolidated Acts

AGED AND INFIRM PERSONS' PROPERTY ACT 1940 - SECT 27

27—Power of manager to avoid dispositions and contracts of protected persons

        (1)         Subject to this section—

            (a)         a disposition of property of a protected estate made by the protected person; or

            (b)         a contract entered into by a protected person,

is voidable at the option of the manager.

        (2)         A transaction may not be avoided by a manager if the other party to the transaction did not know and could not reasonably be expected to have known that the person with whom he dealt was unable, wholly or partially, to manage his affairs.

        (3)         The Court may, by order, exempt a disposition of property or contract from the operation of this section if the Court is satisfied that to do so would be for the benefit of the protected person and that he has an adequate understanding of the nature of the transaction.

        (4)         Nothing in this section affects the law relating to testamentary dispositions.