Map the client's activities to the authorisations on its licence
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Extract each authorisation from the licence as issued and each activity from the lawyer's activity list, and draft a coverage matrix keyed to the exact authorisation wording, marking activities with no matching authorisation and authorisations no longer relied on.
- What the lawyer must review
- The lawyer characterises each activity as a financial service, financial product or credit activity, confirms the authorisation wording against the licence as issued, checks any relief or exemption relied on, and decides whether a variation is needed.
- 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 | Extract each authorisation from the licence as issued and each activity from the lawyer's activity list, and draft a coverage matrix keyed to the exact authorisation wording, marking activities with no matching authorisation and authorisations no longer relied on. |
| Lawyer | The lawyer characterises each activity as a financial service, financial product or credit activity, confirms the authorisation wording against the licence as issued, checks any relief or exemption relied on, and decides whether a variation is needed. |
Checklist
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- The lawyer characterises each activity as a financial service, financial product or credit activity, confirms the authorisation wording against the licence as issued, checks any relief or exemption relied on, and decides whether a variation is needed.
- 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 |
|---|---|---|---|
| Authorised representative agreement and written authorisation (AFS licensee) | Agreement | AI use Yellow | An agreement between an Australian financial services licensee and an authorised representative, with the s 916A written authorisation as a schedule: authorised services within the licence, conduct and compliance obligations, monitoring, AI tool rules, fees, ASIC notification and revocation. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
- https://download.asic.gov.au/media/cndf2udp/rg105-published-23-june-2022-20250616.pdf · 2026-09-27
- https://www.asic.gov.au/for-finance-professionals/afs-licensees/changing-details-and-lodging-afs-forms/information-on-submitting-australian-financial-services-licence-annual-financial-statements · 2026-09-27
- https://www.asic.gov.au/regulatory-resources/credit/responsible-lending/responsible-lending-disclosure-obligations-overview-for-credit-licensees-and-representatives · 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.