Draft an ASIC relief or no-action request from the transaction facts
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Draft a first-pass ASIC exemption or no-action request from the facts, listing the tests to address and every regulatory guide and instrument cited, to check.
- What the lawyer must review
- Verify each instrument, status and expiry on the ASIC website and legislation.gov.au
- Check instrument numbers; AI invents them
- Test the public-interest case against ASIC's current priorities
- Confirm lodgement procedure, timing and fees
- 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 identifying points for review. 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
- 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.