When an administrator is appointed, they are required to develop and implement a financial management plan that ensures the effective and responsible administration of the adult’s finances.
While a person is appointed a Public Trustee, they are welcome to co-sign documents however only the Public Trustee Officer’s signature is legally binding for legal purposes.
Duties can include:
- Monitor the adult’s financial interests.
- Ensure all entitlements are obtained.
- Develop a budget.
- Maintain clear and accurate records.
- Initiate or follow-up any matters that affect the adult including taxation, social security, legal claims, and insurance.
- Ensure that the adult participates in the decision-making process to the greatest extent practicable.
- Recognise and consider the adult’s cultural and religious values.
- Make funeral arrangements and after death requirements.
- Sign all legal agreements.
- Approve funding for purchases (purchases over $100 need 3 quotes).
- Pay all bills.
What the Public Trustee does NOT do:
- Schedule appointments.
- Provide direct support.
- Arrange holidays.
- Acquire quotes.
- Do not commonly attend stakeholder meetings.
- Made decisions on any matters other than financial matters.