Decide whether a supplementary or replacement prospectus is needed and prepare it
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the lodged document, the due diligence record and the new information, list each statement affected, each new circumstance, and the corresponding passage, and draft the supplementary or replacement wording with a verification reference for each change, for the lawyer to rework.
- What the lawyer must review
- The lawyer decides whether the matter is materially adverse, whether a supplementary or a replacement document is appropriate, settles every line and its verification, and decides the consequences for applicants already received.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the lodged document, the due diligence record and the new information, list each statement affected, each new circumstance, and the corresponding passage, and draft the supplementary or replacement wording with a verification reference for each change, for the lawyer to rework. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm unannounced, price-sensitive deal information goes only into a tool approved for inside information and is handled under the deal’s information barrier.
- Verify every new statement against the due diligence record.
- Decide materiality with the due diligence committee, not the tool.
- Confirm the applicant-consequences analysis before lodgment.
Sources
- Corporations Act 2001 (Cth) s 719 (lodging supplementary or replacement document) · 2026-10-18
- Corporations Act 2001 (Cth) s 724 (choices open to person making the offer if disclosure document condition not met or document defective) · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.