Build a trustee-covenant compliance table under ss 52–52B of the SIS Act
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Map the trustee's practices to the s 52 covenants (best financial interests, care and diligence, conflicts) and the APRA or ASIC guidance listed; mark missing policies.
- What the lawyer must review
- Check whether FAR applies (super trustees from 15 March 2025)
- Use the 'best financial interests' duty (Your Future, Your Super Act 2021), not 'best interests'
- Confirm APRA guidance is current, including its April 2026 letter on AI governance
- Written for / version
- Commonwealth versionCthUS
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 | 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
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- 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.