The purpose of the Guide is to facilitate the use of the ISDA Master Agreement or, where appropriate, the other master agreements discussed in 2 "Master Agreements", in the Australian risk management products markets by having a recommended approach and to ensure that the amendments made to the master agreements for use under the law in force in one of the Australian states or territories are as uniform as possible.
It achieves this by providing legal commentary on the ISDA Master Agreement and, where appropriate, other master agreements, when the parties want to specify the governing law as the law in force in one of the Australian states or territories (other than South Australia, Tasmania and the Northern Territory).