New South Wales Consolidated Acts

POWERS OF ATTORNEY ACT 2003 - SECT 15

15 Irrevocable powers of attorney

(cf 1919 No 6, s 160 (1))
An instrument that creates a power of attorney creates an
"irrevocable power of attorney" for the purposes of this Act if:

(a) the instrument is expressed to be irrevocable, and

(b) the instrument is given for valuable consideration or is expressed to be given for valuable consideration.