---
title: "Assemble the facts for a s 588GA safe-harbour and solvency discussion"
url: "https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/assemble-the-facts-for-a-solvency-review-and-safe-harbour-discussion/commonwealth"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A8-T1-R1-CTH"
practice_area: "Insolvency, Restructuring & Bankruptcy"
tier: "red"
lawyer_review: "required"
jurisdictions: ["CTH"]
last_reviewed: "2026-09-23"
---

# Assemble the facts for a s 588GA safe-harbour and solvency discussion

> From the accounts and cash-flow papers, list solvency indicators, related-party payments and documents needed for a s 588G/588GA and ASIC RG 217 safe-harbour discussion.

Canonical page: https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/assemble-the-facts-for-a-solvency-review-and-safe-harbour-discussion/commonwealth  
Last reviewed: 2026-09-23

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

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insolvency, Restructuring & Bankruptcy](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | From the accounts and cash-flow papers, list solvency indicators, related-party payments and documents needed for a s 588G/588GA and ASIC RG 217 safe-harbour discussion. |
| What the lawyer must review | Form the solvency opinion yourself (cash-flow and balance-sheet tests, s 95A) Check RG 217 (December 2024): a course of action reasonably likely to lead to a better outcome Check proper records, appropriate advice and contemporaneous documents Confirm safe harbour began before insolvency Reconcile every figure |
| Written for | Commonwealth |
| Applies to | [Assemble the facts for a solvency review and safe-harbour discussion](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/assemble-the-facts-for-a-solvency-review-and-safe-harbour-discussion.md) |

## Checking plan

**Source-by-source verification**

Trace relied-on content to independent sources and check for relevant material the output has missed.

- What the AI does: Potential support includes preparing preliminary structure or wording and summarising source material. 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. Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
2. Verify dates, people and sequence against contemporaneous records. Preserve uncertainty and identify gaps or conflicting accounts.
3. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
4. 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.*