Australia, May 4 -- New South Wales Land and Environment Court issued text of the following judgement on April 3:
1. In the course of management of a "protected estate" (within the meaning of section 38 of the NSW Trustee and Guardian Act 2009 NSW), pursuant to Chapter 4 of the Act, a manager (appointed by the Court under section 41(1)(b) of the Act or by the NSW Civil and Administrative Tribunal ("NCAT") under section 25M(1)(a) of the Guardianship Act 1987 NSW) may, on its own initiative or by a direction given by the Court or the NSW Trustee, retain a financial adviser (being a holder of an Australian Financial Services Licence governed by Part 7.6 of the Corporations Act 2001 Cth) to provide the manager financial advice in aid of manage...