Bankruptcy & InsolvencyCommercial LitigationNewsSLF Lawyers NewsConflict Transactions under the Powers of Attorney Act 2014 (Vic)
20 January 2020
The Powers of Attorney Act 2014 (Vic) (the Act) provides strict rules that attorneys under an enduring power of attorney (POA) are subject to. Conflict Transactions Section 64 of the Act provides that an attorney for financial matters under a POA is under a duty not to enter into a conflict transaction. A ‘conflict transaction’ is defined...