58Execution of documents for managed persons

58 Execution of documents for managed persons

58 Execution of documents for managed persons

(cf PE Act, s 26 (2) and (3))

(1) The NSW Trustee may execute and sign any document in the name of and on behalf of a managed person for the purpose of exercising a function in a protective capacity.

(2) An exercise of a function by the NSW Trustee under this section—

(a) is as effective as if it were exercised by the managed person, and

(b) to the extent to which that person lacks capacity to exercise the function, is as effective as if the person did not lack capacity.

(3) A person acting on a document executed or signed by the NSW Trustee under this section is not bound to inquire as to the NSW Trustee’s power to execute or sign the document or as to the application of any money paid pursuant to any dealing with the NSW Trustee as a consequence of the document.