The management of another person's financial, legal and property affairs comes with a great deal of responsibility. Under the Guardianship and Administration Act 1990, administrators are required to be accountable for all decisions made, and are required to submit annual accounts to the Public Trustee for auditing.
The Public Trustee will examine the account records and may request more information. Losses to the estate of the represented person may leave an administrator personally liable.
It is recommended that administrators keep records of the decisions they make, which might include what the decision was, the date it was made, the reason it was required and any persons consulted in the process. More information can be found in the Public Trustee publication Private Administrator's Guide.
The Guardianship and Administration Act 1990 also requires administrators to make decisions in the best interests of the person they represent. The following are areas to consider in representing the best interests of the person:
Last updated: 7-Jan-2020
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