Prepare the cleansing notice and the excluded-information record
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Assemble the conditions record — continuous quotation period, days of suspension, disclosure compliance — and work with the lawyer on the notice wording. It does not decide whether there is excluded information.
- What the lawyer must review
- The lawyer determines whether any excluded information exists, tests each condition against the facts and the current form of the provision relied on, and approves the notice before it is released.
- 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 | Do not begin AI assistance until the responsible lawyer has defined and confirmed its 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
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- The lawyer determines whether any excluded information exists, tests each condition against the facts and the current form of the provision relied on, and approves the notice before it is released.
- Check the output against the source documents named in it before it is relied on.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Cleansing notice under Corporations Act s 708A(5)(e), with eligibility check and excluded information record | Notice | AI use Yellow | A cleansing notice for ASX after a placement made without a disclosure document, with the four statements s 708A(6) requires, an eligibility check against s 708A(5)(a) to (d), and an internal record of the excluded information decision. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
- https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-254-offering-securities-under-a-disclosure-document · 2026-09-27
- https://download.asic.gov.au/media/5onbrw4f/rg254-published-07-april-2026.pdf · 2026-09-27
- https://www.legislation.gov.au/C2004A00818/latest/text · 2026-09-27
- https://www.asx.com.au/content/dam/asx/rules-guidance-notes-waivers/asx-listing-rules/guidance-notes/gn30-quotation-of-additional-securities.pdf · 2026-09-27
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.