6.1 FEPOA education needs
More than six in seven Australians either strongly or slightly agreed that more education was needed on
FEPOAs (85%).
Q58
Figure 19 – To what extent do you agree more education is needed?
Strongly agree
85%
Slightly agree
57%
A g re e d t h a t m o re
edu c ati o n o n
FEPOAs wa s
needed
Neither agree nor
disagree
Slightly disagree
28%
9%
4%
Strongly disagree
1%
1%
Unsure
Q.58. To what extent do you agree or disagree that more education on FEPOAs is needed?
Base: Nat rep sample n=2,496
Australians who agreed that more FEPOA education was needed were enthusiastic about education on a
range of topics. The most popular topics being:
l
the potential risks of an FEPOA (81%)
l
how to recognise and report misuse of an FEPOA (81%)
l
the rights and responsibilities of the principal (81%)
l
the process of arranging and revoking an FEPOA (81%)
l
how to seek help if you have issues after setting up an FEPOA (81%)
l
the rights and responsibilities of an appointed decision-maker (81%).
The data also revealed there was high demand for more education on financial safety (79%), financial abuse
(78%) and other forms of abuse (75%).
Other topics of interest include information about what appointed decision-makers should consider before
accepting the role and what supports are available to them after they have been appointed (80%).
‘While compiling the information needed and providing it in appropriate formats for a
wide cross section of the population is really important - it is even more important to
effectively create awareness about the necessity of FEPOAs and the negative situations
that can arise if they are ignored. Getting the information out is crucial and potentially
difficult.’ – Appointed decision-maker
32
Empowering futures: A national survey on the understanding and use of financial enduring powers of attorney