Detailed insights: What principals and appointed decision-makers knew Among principals and appointed decision-makers, seven in ten (67%) understood that an appointed decision-maker can resign from their role. A similar proportion (68%) understood that an appointed decision-maker cannot use the principal’s money to pay for the appointed decision-maker’s expenses. Q16 Changing Pers pectives style Concerningly, one in five (21%) incorrectly thought that an appointed financial decision-maker can decide who can visit the principal and one in six (16%) incorrectly thought that an appointed decision-maker does not need to keep records about their decisions. True False Don't know esign from their role 67% 7% 26% Figure 17 – Further insights from principals and appointed decision-makers Q16 Changing Pers pectives style erwise in the FEPOA 48% True False Q16 Changing Pers pectives style an visit the principal Q16 Changing Pers pectives style esign from their role hey act responsibly erwise in the FEPOA esign from their role personal expenses esign role an visitfrom the their principal erwise in the FEPOA nvestment portfolio erwise the FEPOA hey actinresponsibly an visit the principal 21% 28% Don’t know True 67% Don't know 27% 7% 26% Don't know 22% 25% False 67% 7% Don't know 26% 15% 68% 17% 67% 7% 26% 21% 52% 27% Can use the48% principal’s money to pay for their 28% own personal expenses 25% 15% 67% 18% 48% 28% 25% 16% 62% 22% 21% 52% 27% 16% True 48% True False 52% 25% False Can resign from their role 62% 28% anpersonal visit theexpenses principal Can decide who can visit the principal 21% 52% 27% 17% 15% 68% hey act responsibly 16% statements, please indicate which 62% 22% or if you don’t know. • Q.16. For the following you believe is true or false for [state / territory], • Base: All principals and decision-makers n=1,059 hey act responsibly 16% 62% 22% nvestment portfolio 15% 67% 18% personal expenses 15% 68% 17% Does not need to keep records about decisions, as long as they act responsibly personal expenses 15% 68% 17% nvestment portfolio 15% statements, please indicate which 67% 18% Q.16. For the following you believe is true or false for [state/territory], or if you don't • Q.16. For the following statements, please indicate which you believe is true or false for [state / territory], or if you don’t know. know. Base: All principals and decision-makers N=1,059 nvestment portfolio 15% 67% 18% • Base: All principals and decision-makers n=1,059 Principals were more likely than appointed financial decision-makers to incorrectly believe that • Q.16. For the following statements, please indicate which you believe is true or false for [state / territory], or if you don’t know. • Base: Alldecision-makers: principals and decision-makers n=1,059 appointed • Q.16. For the following statements, please indicate which you believe is true or false for [state / territory], or if you don’t know. • Base: Alldecide principalswho and decision-makers • can can visit then=1,059 principal • do not need to keep records about decisions, as long as they act responsibly • can use the principal’s money to pay for their own personal expenses • cannot resign from their role. Among principals and appointed decision-makers, seven in ten understood that an appointed decision-maker must act in the interests of the principal and must not mix their money or property with the principal’s. Q16 Changing Pers pectives style Figure 18 – Further insights about appointed decision-maker responsibilities True False esign from their role Act in the interests67% of the principal erwise in the FEPOA 48% Keep good records Don't know 7% 28% Not mix their money or property with the principal’s an visit the principal 21% 52% 26% 75% 25% 68% 27% Avoid conflicts of interest hey act responsibly 16% 62% 71% 67% 22% Q.19. Which of the following did you know before today? An appointed decision-maker(s) must… personal expenses Please select all 15% that apply. 68% 17% nvestment portfolio 67% 18% Base: All principals and decision-makers n=1,059 30 15% Empowering futures: A national survey on the understanding and use of financial enduring powers of attorney • Q.16. For the following statements, please indicate which you believe is true or false for [state / territory], or if you don’t know. • Base: All principals and decision-makers n=1,059