Year Ahead, Year in Review Kimberley Martin, WMM Law Alison Wiss, McMullen Lawyers
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Legislation/Policy Update 1.
Banks and Powers of Attorney STEP Australia Policy and Advocacy Committee, Law Council of Australia and other professional bodies. Joint body submission on an issue affecting many practitioners and their clients in enforcing the operations of power of attorney documentation with the bank community. Those problems have included the bank requiring the incapacitated adult to attend the branch and confirm that they authorise the attorney to make such transactions or the bank requiring multiple attorneys (when appointed jointly) to attend at the same branch, despite the attorneys living in different parts of the country. If you have a story where you or your clients have encountered difficulties with a banking institution when endeavouring to undertake transactions as the account providing those stories via the following form https://forms.gle/RZPXt13e97XnMYSh8.
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