Northern Territory Numbered Regulations

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GUARDIANSHIP OF ADULTS REGULATIONS (NO 36 OF 2016) - REG 4

Record keeping requirements

    (1)     For section 28(1)(b) of the Act, a guardian must, at all times while the guardian has authority for financial matters, keep complete and up-to-date records of the represented adult's assets and liabilities.

    (2)     The records must include:

(a)     sufficient information to identify each of the represented adult's assets and liabilities; and

(b)     for each asset and liability, information related to:

(i)     all dealings and transactions with the asset or liability; and

(ii)     the condition and management of the asset or liability; and

(c)     any other information reasonably necessary to demonstrate that decisions in relation to the represented adult's financial matters are being made in accordance with the Act.



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