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B: Powers of attorney

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CII - Level 4 Diploma R01 - Financial services, regulation, and ethics (C3: Legal concepts and considerations relevant) Mind Map on B: Powers of attorney, created by Mark Varela on 31/03/2014.
Mark Varela
Mind Map by Mark Varela, updated more than 1 year ago
Mark Varela
Created by Mark Varela over 10 years ago
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B: Powers of attorney

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  • - Powers of attorney act 1971 - Determines length of power & authority for intended transactions - Power withdrawn on mental incapacity of donor - Revoked on death, bankruptcy, or expiry of specified time period - Donor may cancel at any time
  1. Someone who has left the country for a long period
    1. An elderly person who wants someone else to handle their affairs
      1. Operating bank accounts
        1. Paying bills
          1. Buying/selling investments
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