Draft a licensee AI governance framework gap table against REP 798
MaintainedLast reviewed
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Compare the client's AI governance against ASIC's REP 798 questions.
- What the lawyer must review
- Lawyer settles gaps; check later ASIC updates.
- Written for / version
- Written for Australia
The work product
Forum. Australia
Produce. Draft a licensee AI governance framework gap table against REP 798
Have ready. ASIC REP 798; NRF: AI in Australian financial services; The matter instructions and the documents the output will rely on..
Example of the limit. Stop before the result is filed, sent or relied on. Lawyer settles gaps; check later ASIC updates.
Stop and hand it back when
- The cited source is not the instrument that applies to this forum or this date.
- The output states a fact, date, citation, figure or commitment that is not in the instructions or the source.
- The responsible lawyer has not approved the exact output for its intended use.
Sources for this task were checked on 2026-10-10.
Who does what
| Role | What they do |
|---|---|
| Assistance | Compare the client's AI governance against ASIC's REP 798 questions. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Open the cited source and confirm it is the current instrument for this forum and this date.
- Lawyer settles gaps; check later ASIC updates.
- Compare the output with the source and the instructions, including material the output left out.
- The responsible lawyer approves the exact output for its intended use, or sends it back.
Sources
- ASIC REP 798 · 2026-10-10
- NRF: AI in Australian financial services · 2026-10-10
Suggested working checks from the linked public sources. Read the source and confirm it applies to this forum and this date. The checks do not approve software or record that the work is done.