Tag Archives: Power of attorney

Picture of a person signing a document

Attorneys-General commit to powers-of-attorney register

The Council of Attorneys-General has committed to establish a national online register of enduring powers of attorney (POA).

The Council, which is composed of all state and territory Attorneys-General and the federal Attorney-General, said in late November the register would be part of a staged approach to enduring power of attorney reform for financial decisions.

With a register, third parties, such as banks and financial institutions, can quickly and easily verify that a POA is current and valid. This is a significant step in preventing a POA being used as an instrument of financial abuse.

The register is one step towards greater harmonisation of POAs across Australia. This would include a single, uniform form across all Australian jurisdictions. The single form would facilitate increased familiarity and understanding among all parties (particularly third parties) of the nature and scope of POAs, allowing them to more easily identify who can do what, and when. read more