---
title: "Share sale completion agenda, deliverables checklist and funds flow (private company)"
url: "https://ailawframework.com/precedents/mergers-and-acquisitions-private-equity/share-sale-completion-agenda-and-checklist"
type: "precedent"
site: "AI Law Framework"
id: "a2-share-sale-completion-agenda-and-checklist"
area_id: "A2"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A2-T1-R8", "A2-A20260923-3", "A2-T1-R15"]
law_stated_as_at: "2026-10-18"
---

# Share sale completion agenda, deliverables checklist and funds flow (private company)

> A completion agenda for the purchase of all the shares in an Australian proprietary company: conditions confirmed, deliverables from each side, board meeting business, funds flow, and the record of what was exchanged…

Canonical page: https://ailawframework.com/precedents/mergers-and-acquisitions-private-equity/share-sale-completion-agenda-and-checklist  
Law stated as at: 2026-10-18

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

A completion agenda for the purchase of all the shares in an Australian proprietary company: conditions confirmed, deliverables from each side, board meeting business, funds flow, and the record of what was exchanged and released.

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Mergers & Acquisitions / Private Equity](https://ailawframework.com/precedents/mergers-and-acquisitions-private-equity.md)
- Jurisdictions: Australia
- AI level: Yellow. AI can help in set ways. A lawyer checks specific points before use.
- Law stated as at: 2026-10-18
- Status: Maintained. Checked on 2026-10-18 against the 4 authorities it cites, for Australia.

## When to use it

Use from the week before completion of a share sale agreement until completion is recorded, whether completion is physical or virtual. Adapt the deliverables to the completion clause of the signed agreement, which governs.

## Used for these tasks

- [Build the conditions-precedent tracker and completion checklist](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity.md#A2-T1-R8)
- [Prepare a completion funds-flow and deliverables list](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity.md#A2-A20260923-3)
- [Draft exchange and completion letters from the signed documents](https://ailawframework.com/practice/mergers-and-acquisitions-private-equity.md#A2-T1-R15)

## How AI may be used

AI may build the agenda and deliverables list from the signed agreement's completion clause and track documents received; the lawyer checks every deliverable, authority and payment instruction before completion is declared.

**AI may:**

- Extract each completion deliverable, condition and payment from the signed agreement into the checklist
- Track documents received, signed and held in escrow against the list
- Prepare the funds flow table from the completion statement for the lawyer and the client to verify

**AI must not:**

- Must not confirm bank account details or change any payment instruction; payment details are verified by call-back
- Must not mark a condition as satisfied or waived without written confirmation from the responsible party
- Must not release documents from escrow or declare completion

**The lawyer checks:**

- Every condition precedent is satisfied or waived in writing by the party entitled to waive it
- Share transfer forms, share certificates (or indemnities for lost certificates), resignations and releases are signed by the right people under s 127 or by attorney
- The funds flow reconciles to the completion statement, and each payee's account details have been verified independently
- The board meeting approving the transfers and appointments has a quorum and the register is updated

## Authorities

- [Corporations Act 2001 (Cth) s 127 (execution of documents, including deeds, by a company)](https://www.legislation.gov.au/C2004A00818/latest/text)
- [Corporations Act 2001 (Cth) s 169 (register of members)](https://www.legislation.gov.au/C2004A00818/latest/text)
- [Corporations Act 2001 (Cth) ss 178A and 178D (proprietary company to notify ASIC of changes to the member register, generally within 28 days)](https://www.legislation.gov.au/C2004A00818/latest/text)
- [Corporations Act 2001 (Cth) s 205B (notice of appointment of directors and secretaries, and of a person stopping being one, within 28 days)](https://www.legislation.gov.au/C2004A00818/latest/text)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/mergers-and-acquisitions-private-equity/share-sale-completion-agenda-and-checklist and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*