---
title: "Draft the scheme booklet and explanatory memorandum for ASIC review"
url: "https://ailawframework.com/practice/mergers-and-acquisitions-private-equity/draft-the-shareholder-approval-or-scheme-booklet-and-explanatory-stateme/commonwealth"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A2-T1-R7-CTH"
practice_area: "Mergers & Acquisitions / Private Equity"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["CTH"]
last_reviewed: "2026-09-23"
---

# Draft the scheme booklet and explanatory memorandum for ASIC review

> Draft scheme-booklet or explanatory-memorandum sections and list disclosures without a verification note. Do not draft court documents for scheme approval.

Canonical page: https://ailawframework.com/practice/mergers-and-acquisitions-private-equity/draft-the-shareholder-approval-or-scheme-booklet-and-explanatory-stateme/commonwealth  
Last reviewed: 2026-09-23

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

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Mergers & Acquisitions / Private Equity](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Draft scheme-booklet or explanatory-memorandum sections and list disclosures without a verification note. Do not draft court documents for scheme approval. |
| What the lawyer must review | Verify each disclosure under Ch 5A, RG 60 and RG 142 (14-day ASIC review) Note errors risk s 1041H liability Leave the expert report to the expert (RG 111) Check the timetable (LR 3.10.5, ASIC relief) Meet GPN-AI (16 April 2026) duties in Federal Court filings Do not use AI for the directors' recommendation |
| Written for | Commonwealth |
| Applies to | [Draft the shareholder-approval or scheme booklet and explanatory statement](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity/draft-the-shareholder-approval-or-scheme-booklet-and-explanatory-stateme.md) |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Potential support includes preparing preliminary structure or wording. 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. Check the current court or regulator requirements, prescribed form and attachments for the intended document and filing.
2. Check the specialist’s assumptions, qualifications and limits. Obtain the relevant expert or specialist review before relying on a technical conclusion.
3. Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
4. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
5. 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.*