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When you appoint someone as your POA, they have a fiduciary duty to you, and are legally obligated to act at your explicit direction or in your best interest. While the POA is able to access and use the principals funds, they are always considered as belonging to the principal.
A Company Power of Attorney is a legal instrument that enables a Company to appoint an individual to act on the companys behalf, particularly in regard to cases where the director(s) are not capable of doing so. A Company can appoint any adult person to this role.
Make sure your request includes all the required information and documents: Form 16 Request to register power of attorney (completed, signed and dated) general or enduring power of attorney document (original or certified copy) payment refer to Payments Lodgement page for payment options.
A Form 16 can be lodged with the power of attorney document by post or in person at one of the Titles Registry offices or business centres. The form can be submitted either with the original power of attorney or a certified copy. The cost of lodgement is currently $224.32.
In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical.
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A company power of attorney authorises a person or persons to act on behalf of a company and/or sign certain documents on its behalf. Having this ability means that the business keeps running, even if a company director is unavailable due to absence (including leave), incapacity or illness.
To make a certified copy of an original EPA or AHD, the person must provide you with the original document from which the copy was made and then: Compare each page of the photocopy with the original EPA or AHD to verify the photocopy is a true and complete copy of the original document (including any additional pages
POA stands for Power of Attorney in legal contexts. It refers to a legal document granting one person the authority to act on anothers behalf. This authority can be broad or limited, depending on the requirements of the situation. In business, POA is often used as an acronym for Plan of Action.

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