---
title: "Draft PPSR-compliant general security agreements, mortgages and share pledges"
url: "https://ailawframework.com/practice/banking-and-finance/draft-the-security-package-general-security-mortgages-and-share-pledges/commonwealth"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A3-T1-R2-CTH"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["CTH"]
last_reviewed: "2026-09-23"
---

# Draft PPSR-compliant general security agreements, mortgages and share pledges

> Draft general security agreements, mortgages and share pledges from the term sheet and asset list, with a collateral schedule, enforcement terms and description gaps.

Canonical page: https://ailawframework.com/practice/banking-and-finance/draft-the-security-package-general-security-mortgages-and-share-pledges/commonwealth  
Last reviewed: 2026-09-23

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| 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 | Commonwealth |
| Applies to | [Draft the security package: general security, mortgages and share pledges](https://ailawframework.com/practice/banking-and-finance/draft-the-security-package-general-security-mortgages-and-share-pledges.md) |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope.
- What the lawyer does: Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Suggested checking approach based on the task guidance. Complete the assessment for the actual tool, information and jurisdiction.
- Why: The plan reflects the described work and review requirements. Policy colours are not used to determine permission or checking.

## Checks the lawyer makes

1. Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
2. Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
3. Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
4. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
5. Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.

## Notes

- Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*