Draft or review a PDS or FSG against Part 7.9 and ASIC RG 168
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Draft a PDS or FSG from the product terms (features, risks, costs, cooling-off, disputes), or compare an existing document to RG 168 and RG 175.
- What the lawyer must review
- Check fees against the prescribed method
- Make risks product-specific (ASIC's Fiducian greenwashing case, Oct 2025)
- Cite RG 271 and AFCA limits ($1.263m claims; $6.317m small-business credit, from 1 Jan 2024)
- Remember errors can create s 1022B liability
- 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
- 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.