Build the employee-priority and circulating security interest table
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the proofs, the wages records and the security search the lawyer supplies, list each amount the file describes as an employee claim, with the employee and the document, and each security interest the search labels as circulating, with the registration number. Do not rank them and do not describe what section 556 covers.
- What the lawyer must review
- Read sections 556(1)(e), (g) and (h), 558(3) and (4), and 560, and decide which amounts section 561 prefers over the circulating security interest, and whether the property available for unsecured creditors is insufficient.
- 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 | From the proofs, the wages records and the security search the lawyer supplies, list each amount the file describes as an employee claim, with the employee and the document, and each security interest the search labels as circulating, with the registration number. Do not rank them and do not describe what section 556 covers. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Do not describe the contents of sections 556, 558 or 560 until those sections have been read.
- Ask whether the property available for unsecured creditors is insufficient before treating section 561 as engaged.
- Match each security interest to the search, and keep non-circulating interests off this table.
- Do not use the table in an administration.
Sources
- Corporations Act 2001 (Cth) section 561 (AustLII) · 2026-10-22
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.