Precedents: Banking & Finance
6 starting-point precedents for this area. Each one names the law it rests on and says how far AI may help.
- Precedents in this area
- 6
- Full text
- For signed-in accounts
- Newest law stated as at
- 17 October 2026
- Guidance for this area
- Tasks and AI use in Banking & Finance
| Precedent | Kind | Where it applies | AI use | Law stated as at |
|---|---|---|---|---|
| PPSR security interest registration: official guide with grantor-detail verification stepCompletion guide for registering a security interest on the PPSR. It links to AFSA’s official steps and adds a grantor-detail verification step, timing rules and the defects that make a registration ineffective. | Other | Australia, New Zealand | Red | 17 October 2026 |
| General security deed (all present and after-acquired property)Lender-side general security deed over all present and after-acquired property of a company grantor, drafted for the PPSA. It covers attachment and perfection, circulating assets, undertakings, enforcement, receivers, PPSA contracting out and the power of attorney. | Deed | Australia | Yellow | 17 October 2026 |
| Conditions precedent checklist and satisfaction certificate for a facility agreementCP tracker for an Australian secured facility, organised by corporate, finance document, security perfection, KYC and financial conditions, with an officer’s certificate and a lender’s CP satisfaction notice. | Checklist | Australia | Green | 17 October 2026 |
| Guarantor independent legal advice letter and solicitor's certificateLetter confirming independent advice to an individual guarantor, a solicitor’s certificate, and an interview file-note checklist, reflecting Garcia, the 2025 Banking Code guarantee protections and the National Credit Code. | Letter | Australia, United Kingdom (England and Wales) | Red | 17 October 2026 |
| Clause and customer disclosure for AI-assisted credit decisioning (explanation and human review)Three linked texts for lenders using AI in credit assessment: a model-supplier clause on explainability, testing and records; customer-facing disclosure aligned with APP 1.7 from 10 December 2026; and a human-review procedure. | Clause | Australia, European Union | Yellow | 17 October 2026 |
| Prompt template with guardrails: extract the covenant package into a monitoring tableReady-to-use prompt for an approved AI tool that extracts financial covenants, undertakings, events of default and reporting dates from a facility agreement into a cited table, with guardrails, a verification checklist and a file note. | AI prompt | Australia | Green | 17 October 2026 |
AI use levels: Green means AI can do most of the drafting and a lawyer reviews it. Yellow means AI helps in set ways and a lawyer checks specific points. Red means a lawyer does the work and AI stays out of the decisive steps.