The Commonwealth Government is seeking input from the profession in a bid to prevent elder abuse.
The Standing Council of Attorneys-General has released a Consultation Paper on potential reforms to Enduring Power of Attorney (EPOA) laws, “Achieving greater consistency in laws for financial enduring powers of attorney”.
The paper was produced in response to inquiries which highlighted the challenges and inefficiencies presented by differences in state and territory legislation.
It includes proposals about the execution of an EPOA; witnessing arrangements; acceptance of appointment by an attorney; revocation; attorney eligibility and duties; and access to justice issues (jurisdiction, compensation and offences).
It also seeks feedback on potential improvements to arrangements for recognising EPOAs interstate, and training for witnesses and attorneys; as well as feedback on non-legislative initiatives to address financial elder abuse.
Consultation closes on 29 November. View the Consultation Paper here.