Build a voidable-transaction table under Corporations Act Pt 5.7B or the Bankruptcy Act
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From bank statements and payables, build a chronology for the relation-back window (6 months; 4 years for related parties) and flag candidate voidable transactions under Pt 5.7B or Bankruptcy Act ss 120–122.
- What the lawyer must review
- Check every date and amount against bank records
- Apply Metal Manufactures v Morton [2023] HCA 1: no s 553C set-off against preferences
- Apply Bryant v Badenoch [2023] HCA 2: no peak indebtedness
- Analyse s 588FC suspicion yourself
- Calendar the s 588FE(4) look-back from the s 513C day
- 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 summarising source material 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.