Northern Territory Numbered Acts Northern Territory Numbered Acts(1) This section applies if:
(a) a guardian, other than the Public Guardian or Public Trustee, has authority for financial matters; and
(b) the guardianship order or an order under section 33 (2)(c) requires the guardian to comply with this section.
(2) The guardian must:
(a) prepare an asset management plan in accordance with any requirements prescribed by regulation; and
(b) as far as reasonably practicable, manage the represented adult's property in accordance with that plan.
(3) Without limiting the matters that may be provided for in regulations, a regulation may provide for any of the following:
(a) the form of an asset management plan, which may be in a form approved by the Tribunal or a specified person;
(b) the matters to be dealt with by an asset management plan;
(c) the requirement for an asset management plan to be approved by the Tribunal or a specified person;
(d) the persons who must or may be given copies of the asset management plan.