Relationship Agreement for Australia

Relationship Agreement Template for Australia

A Relationship Agreement is a legally binding document under Australian law that establishes the financial and personal arrangements between two people who are in or intending to enter into a de facto relationship or marriage. The agreement, governed by the Family Law Act 1975 and relevant state legislation, outlines how assets, liabilities, and financial responsibilities will be managed during the relationship and in the event of separation. It provides clarity on property rights, financial obligations, and dispute resolution processes, while requiring both parties to receive independent legal advice to ensure validity and enforceability.

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What is a Relationship Agreement?

A Relationship Agreement serves as a crucial legal framework for couples in Australia who wish to clearly define their financial and personal arrangements either before or during their relationship. This document, regulated under the Family Law Act 1975 and state-specific legislation, is particularly valuable for partners who want to protect their assets, establish clear financial responsibilities, or have complex financial arrangements such as business interests or expected inheritances. The agreement must meet strict legal requirements, including mandatory independent legal advice for both parties, full financial disclosure, and proper execution procedures. Relationship Agreements are particularly relevant in cases involving high-net-worth individuals, business owners, or those with significant assets or inheritance prospects. The document can be updated as circumstances change and provides a framework for dispute resolution if needed.

What sections should be included in a Relationship Agreement?

1. Parties: Identifies and defines the parties entering into the agreement, including their full legal names and current addresses

2. Background: Outlines the context of the relationship, intention to live together/continue living together, and purpose of entering into the agreement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpretation

4. Independent Legal Advice: Acknowledgment that both parties have received independent legal advice before signing the agreement

5. Financial Disclosure: Declaration of assets, liabilities, and financial circumstances of both parties

6. Property Rights and Division: Details how property will be owned, managed, and divided during the relationship and in case of separation

7. Financial Responsibilities: Outlines how parties will manage day-to-day finances, joint expenses, and financial obligations

8. Separation Provisions: Specifies arrangements in case of relationship breakdown

9. Dispute Resolution: Processes for resolving disagreements about the agreement or relationship matters

10. Review and Amendment: Provisions for reviewing and updating the agreement

11. Governing Law: Specifies that the agreement is governed by Australian law and relevant legislation

12. Execution: Formal signing section including witness requirements

What sections are optional to include in a Relationship Agreement?

1. Children: Included when there are existing children or plans for children, addressing care arrangements and financial support

2. Business Interests: Required when either party owns a business or there are joint business ventures

3. Inheritances: Include when addressing potential future inheritances or family trusts

4. Pets: Include when the couple has pets to address ownership and care responsibilities

5. Social Media and Privacy: Optional section addressing social media conduct and privacy expectations

6. Gifts and Loans: Include when addressing treatment of significant gifts or loans from family members

7. Cultural or Religious Obligations: Include when specific cultural or religious practices need to be acknowledged and respected

8. International Assets: Required when either party has overseas assets or international financial interests

What schedules should be included in a Relationship Agreement?

1. Schedule A - Asset Register: Detailed list of all assets owned by each party at the time of agreement

2. Schedule B - Liability Register: Detailed list of all debts and liabilities of each party

3. Schedule C - Certificates of Independent Legal Advice: Signed certificates from each party's legal representative

4. Schedule D - Financial Statements: Current financial statements and documents for both parties

5. Schedule E - Property Valuations: Professional valuations of significant assets

6. Schedule F - Specific Items Register: List of specific items agreed to be separate property

7. Appendix 1 - Agreed Form of Financial Records: Template for ongoing financial record-keeping

8. Appendix 2 - Dispute Resolution Procedures: Detailed procedures for dispute resolution process

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Legal Services

Financial Services

Property and Real Estate

Family Services

Wealth Management

Professional Services

Private Client Services

Dispute Resolution Services

Relevant Teams

Legal

Private Client

Family Law

Wealth Management

Financial Advisory

Dispute Resolution

Risk and Compliance

Property Law

Estate Planning

Client Relations

Relevant Roles

Family Lawyer

Private Client Lawyer

Legal Partner

Associate Lawyer

Legal Director

Wealth Manager

Financial Advisor

Estate Planning Lawyer

Relationship Manager

Private Banking Manager

Family Law Mediator

Property Lawyer

Legal Counsel

Compliance Officer

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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