---
title: "Prepare Corporations Act papers for a share issue, buy-back or capital reduction"
url: "https://ailawframework.com/practice/commercial-and-corporate-advisory/prepare-board-and-shareholder-papers-for-a-share-issue-buy-back-or-capit/commonwealth"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A1-T1-R7-CTH"
practice_area: "Commercial & Corporate Advisory (contracts, company law, governance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["CTH"]
last_reviewed: "2026-09-23"
---

# Prepare Corporations Act papers for a share issue, buy-back or capital reduction

> Draft resolutions, notices of meeting and an approvals checklist from the term sheet, constitution and cap table; flag missing Corporations Act consents and, if listed, ASX Listing Rules 7.1, 7.3 and 10.11.

Canonical page: https://ailawframework.com/practice/commercial-and-corporate-advisory/prepare-board-and-shareholder-papers-for-a-share-issue-buy-back-or-capit/commonwealth  
Last reviewed: 2026-09-23

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Commercial & Corporate Advisory (contracts, company law, governance)](https://ailawframework.com/practice/commercial-and-corporate-advisory.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Draft resolutions, notices of meeting and an approvals checklist from the term sheet, constitution and cap table; flag missing Corporations Act consents and, if listed, ASX Listing Rules 7.1, 7.3 and 10.11. |
| What the lawyer must review | Confirm the power: s 254A (issues), s 257A (buy-backs), s 256B (reductions) Confirm any s 208 related-party benefit approval Confirm notice periods and ASX Listing Rules 7.1, 7.3 and 10.11 Check Chapter 6D disclosure documents Flag stamp duty and CGT |
| Written for | Commonwealth |
| Applies to | [Prepare board and shareholder papers for a share issue, buy-back or capital reduction](https://ailawframework.com/practice/commercial-and-corporate-advisory/prepare-board-and-shareholder-papers-for-a-share-issue-buy-back-or-capit.md) |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope.
- What the lawyer does: Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Suggested checking approach based on the task guidance. Complete the assessment for the actual tool, information and jurisdiction.
- Why: The plan reflects the described work and review requirements. Policy colours are not used to determine permission or checking.

## Checks the lawyer makes

1. Open each relied-on authority independently. Confirm its existence, current status, proposition and any quotation or pinpoint reference.
2. Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
3. Calculate operative dates independently from the current rule and actual triggering event. Check exceptions and record the verified deadline.
4. Check the current court or regulator requirements, prescribed form and attachments for the intended document and filing.
5. Confirm instructions and personal circumstances through appropriate direct engagement. Have the responsible lawyer assess safety, capacity or vulnerability concerns and escalation.
6. Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
7. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
8. Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.

## Notes

- Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*