Victorian Numbered Acts Victorian Numbered Acts(1) By a supportive attorney appointment, the principal may authorise the supportive attorney to take any reasonable action or to do anything that is reasonably necessary to give effect to a supported decision, other than a decision about a significant financial transaction.
(2) In this section—
"significant financial transaction" includes—
(a) making an investment for the principal or continuing an investment of the principal, including taking up rights to issues of new shares or options for new shares to which the principal becomes entitled by the principal's existing shareholding; or
(b) undertaking any real estate transaction for the principal, excluding entering into a residential tenancy for a premises in which the principal lives or intends to live; or
(c) dealing with land on behalf of the principal including taking out a loan on behalf of the principal or giving a guarantee on behalf of the principal; or
(d) undertaking a transaction for the principal involving the use of the principal's property as security for an obligation; or
(e) buying and selling substantial personal property on behalf of the principal.
(3) For the purpose of the definition of significant financial transaction in subsection (2), paragraph (a) does not include investing or continuing an investment of an amount of $10 000 or less in total in one or more interest bearing accounts of an authorised deposit-taking institution, within the meaning of the Banking Act 1959 of the Commonwealth.