Section 56 of the Principal Act is amended as follows:

(a) by omitting subsection (1) and substituting the following subsection:

(1)  Subject to and in accordance with this Act and the relevant administration order, a person appointed as an administrator –

(a) has general care and management in respect of financial matters for the represented person; and

(b) has the duty to take possession and care of, recover, collect and administer financial matters for the represented person and generally to manage the represented person’s affairs with the exercise of all rights, statutory or otherwise, in respect of financial matters; and

(c) in the name of, and on behalf of, the represented person, may generally do all acts and exercise all powers that the administrator is authorised to do or exercise in respect of financial matters for the represented person with the same effect and in the same manner as the represented person could have done if that person were not subject to the administration order.

(b) by omitting from subsection (2)(c) "he or she thinks fit, but not for a term exceeding 5 years without the consent of the Tribunal" and substituting "the administrator thinks fit" ;

(c) by inserting in subsection (2)(p) "insurance," after "the" ;

(d) by inserting in subsection (2)(s) "or property" after "money" ;

(e) by omitting from subsection (2)(t) "otherwise." and substituting "otherwise; and" ;

(f) by inserting the following paragraphs after paragraph (t) in subsection (2) :

(u) exercise any power of the represented person in respect of any superannuation of the represented person; and

(v) renounce on behalf of the represented person, the represented person’s right to apply for a grant of probate in respect of an estate of which the represented person has been appointed as executor; and

(w) renounce, on behalf of the represented person, the donor’s right to a grant of letters of administration; and

(x) use legal services for a represented person’s benefit; and

(y) bring or defend a legal proceeding or hearing in a court, tribunal or other body on behalf of the represented person.

(g) by omitting from subsection (3) "his or her property or estate" and substituting "the represented person’s financial matters" ;

(h) by omitting from subsection (6) "of that person's estate" .