POWERS OF ATTORNEY ACT 2014 - SECT 20 Protection for a person who does not know of revocation of a power of attorney for security
POWERS OF ATTORNEY ACT 2014 - SECT 20
Protection for a person who does not know of revocation of a power of attorney for security(1) A person who acts in reliance on the purported exercise of a power by an attorney under a power of attorney for security—
(a) is entitled to assume that the power of attorney for security cannot be revoked unless the principal does so with the consent of the attorney; and
(b) must not be treated as knowing that the power of attorney for security has been revoked unless the person knows that the power has been revoked by the principal doing so with the consent of the attorney.
(2) Subsection (1) does not apply if the person knows that the power of attorney was not in fact given to secure a proprietary interest or the performance of an obligation.
Part 3—Enduring powers of attorney—scope, making and related issues
Division 1—Principles