Keeping and Reviewing your Power of Attorney
If you want your attorney to deal with any real estate you own in NSW, then the Power of Attorney document must be registered with Land and Property Information Division of the NSW Department of Lands. Otherwise, there is no requirement for your Power of Attorney to be registered. If your Power of Attorney is registered and you later revoke it (cancel it), you should register the revocation.
It is important to store your Power of Attorney in a safe place and provide your attorney with a copy. You should also provide a copy to anyone else who needs to know its contents, such as your solicitor or accountant.
Changing a Power of Attorney
There are many reasons you may wish to revoke a Power of Attorney. Your relationship with the attorney may have changed or your circumstances are different and the person whom you appointed is no longer appropriate for the role. You can revoke or cancel a Power of Attorney at any time as long as you have capacity. To revoke a Power of Attorney you must inform your attorney that you are bringing their appointment to an end. It is best to revoke your appointment in writing. You should also notify your bank and any other relevant groups or businesses which your attorney may have been dealing with of the revocation. If your Power of Attorney is registered you should also register the revocation. After revoking the Power of Attorney you should destroy the original and any copies of the attorney document you may have.