Body Corporate and Community Management Act 1997
sec.219Restriction on powers of attorney in favour of seller
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sec.219 Restriction on powers of attorney in favour of seller
If the buyer gives the seller a power of attorney to act for the buyer, the power may be exercised only in ways, and only for purposes, disclosed in a written statement given to the buyer before the power is given. The statement must include a detailed description of the circumstances in which the power may be exercised. A power of attorney mentioned in subsection (1) , unless it sooner expires, expires 1 year after the scheme is established or changed. s 219 amd 1997 No. 78 s 20 (sec.219-ssec.1) If the buyer gives the seller a power of attorney to act for the buyer, the power may be exercised only in ways, and only for purposes, disclosed in a written statement given to the buyer before the power is given. (sec.219-ssec.2) The statement must include a detailed description of the circumstances in which the power may be exercised. (sec.219-ssec.3) A power of attorney mentioned in subsection (1) , unless it sooner expires, expires 1 year after the scheme is established or changed.