Assets Separation Agreement Template for Australia

1. Debt Division: Required when there are shared debts or liabilities to be allocated between parties

2. Superannuation Splitting: Needed when retirement accounts or superannuation funds are to be divided

3. Intellectual Property Rights: Include when there are shared intellectual property assets to be divided

4. Future Asset Discovery: Optional clause dealing with subsequently discovered assets

5. Insurance Policies: Required when insurance policies need to be transferred or beneficiaries changed

6. Confidentiality: Include when parties wish to keep the terms of the agreement private

7. Future Cooperation: Optional section outlining how parties will cooperate in future asset-related matters

8. Tax Indemnification: Include when complex tax implications require specific indemnification provisions

1. Schedule A - Real Property Inventory: Detailed list of all real estate properties with their current values and allocation

2. Schedule B - Personal Property Inventory: Comprehensive list of personal property items and their agreed distribution

3. Schedule C - Financial Assets Register: List of all financial accounts, investments, and their agreed division

4. Schedule D - Business Assets and Interests: Detailed inventory of business assets, shares, and their allocation

5. Schedule E - Valuation Reports: Professional valuations of significant assets

6. Schedule F - Transfer Documents: Templates or copies of necessary transfer documentation

7. Appendix 1 - Supporting Documentation: Copies of relevant certificates, titles, and ownership documents

8. Appendix 2 - Implementation Timeline: Detailed timeline for all transfers and actions required