Duties and responsibilities of an Administrator

There are three main duties of a Administrator:

  • Act in the best interests of the person whose affairs they are managing;
  • Encourage and assist that person to become capable of managing their financial affairs;
  • Consult with that person and take into account, as far as possible, their wishes.

Some tasks a Administrator may be required to undertake include:

  • protecting assets;
  • dealing with personal property and real estate;
  • collecting income, such as dividends from shares, rents, pension entitlements or interest;
  • developing a budget management plan;
  • paying bills and accounts;
  • developing and maintaining an appropriate investment portfolio;
  • completing tax returns and pension reviews;
  • liaising with government, community and private agencies; and
  • providing full financial statements to the client and appropriate authorities.

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