Draft PPSR-compliant general security agreements, mortgages and share pledges
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Draft general security agreements, mortgages and share pledges from the term sheet and asset list, with a collateral schedule, enforcement terms and description gaps.
- What the lawyer must review
- Check attachment (PPSA s 19), third-party enforceability (s 20) and perfection (s 21)
- Check circulating status and PMSI priority
- Match the grantor name to the ASIC extract; s 165(b) errors defeat perfection
- Note secured-party errors differ (AMAL Security Services v 452HM [2025] FCA 603)
- For individual debtors, check the National Credit Code
- Check title searches
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording and assembling provisional schedules. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.