What is a Property Manager?

What are the duties of a Property Manager?

The PPPR Act 1988 outlines the general principles that must be followed. In addition, when a Property Manager is appointed, they are required to develop and implement a financial management plan that ensures the effective and responsible administration of the Subject Person’s finances. This includes:

Determining the full nature and extent of the Subject Person’s financial interests
Ensuring all entitlements to income or benefits – such as pensions – are obtained
Developing a budget covering expected income and expenditure that ensures financial security, and maximises the Subject Person’s independence and quality of life

Maintaining clear and accurate records, including receipts of all actions taken on the Subject Person’s behalf;
Initiating or following-up any matters that affect the Subject Person including, but not limited to: taxation, pension, benefits, legal claims and insurance

Ensuring that the Subject Person participate in the decision-making process
Recognising and taking into account the Subject Person’s cultural and religious values;

Statement of Account

A Property Manager is required to furnish an Annual Statement of Management to the Family Court, showing all income received, expenses paid and all assets and liabilities of the Subject Person.

Who can be appointed as Property Manager?

If individuals wish to be appointed as Property Manager they must be:

At least 18 years of age
Not a paid carer or health provider for the Subject Person
Not a bankrupt or taking advantage of the laws of bankruptcy

Independent PPPR Consultants can be appointed as Property Manager.

All proposed Property Managers must sign the consent form to show they are willing to be appointed. A Property Manager cannot be appointed unless they consent to the appointment in writing.