Build a self-managed fund contraventions checklist from the accounts
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the accounts and related-party papers, list possible loan, in-house asset, sole-purpose and related-party issues with document references.
- What the lawyer must review
- Open the source documents
- Do not treat a generated 'contravention' as a report to the regulator
- Written for / version
- Cth
Open a jurisdiction version of this task to see which instruments apply.
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
- 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.