Review credit files against the NCCP Act not-unsuitable assessment
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the loan files, list income and expense evidence, the not-unsuitable assessment and gaps against ASIC RG 209.
- What the lawyer must review
- Confirm the regime first; BNPL, consumer leases and SACCs have modified or exempt rules
- Use the current RG 209 and ASIC's current view on verification
- Recalculate any remediation figure yourself
- 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 | Consider narrowly defined preparation support after confirming 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
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- 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.