Map directors' duties and related-party issues under the Corporations Act 2001 (Cth)
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- From board papers, minutes and registers, list the decision, who benefits, conflicts, and approvals or disclosures under ss 180–184, Ch 2E, Ch 6CA and ASIC guides.
- What the lawyer must review
- Re-derive the analysis against current ASIC positions and Federal Court decisions
- Apply s 180(2) to the facts
- Check the current continuous-disclosure fault element for ASIC and private claims
- Check changes since the Treasury Laws Amendment (2021 Measures No.1) Act 2021
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
- 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.