Map the lender's ASIC, APRA, AUSTRAC and NCCP Act obligations for this facility
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- From the facility and licences on file, list candidate AFS, NCCP responsible-lending, APRA CPS 230/FAR, AUSTRAC AML/CTF and ASIC disclosure obligations.
- What the lawyer must review
- Verify each obligation against current instruments
- Confirm the client's licence, structure and activities
- Check the APRA AI letter (30 April 2026) and CPS 230 (from 1 July 2025; old contracts by 1 July 2026)
- Check FAR: ADIs from 15 March 2024; insurers and super from 15 March 2025
- Check AML/CTF Tranche 2: enrolment from 31 March 2026 (deadline 29 July 2026); compliance 1 July 2026
- Check Group 1 climate reporting (years starting from 1 January 2025)
- 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 | Supporting preparation only. Consider narrowly defined preparation support after confirming the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Calculate operative dates independently from the current rule and actual triggering event. Check exceptions and record the verified deadline.
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- 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.