Intercompany Cost Plus Agreement Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Intercompany Cost Plus Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Intercompany Cost Plus Agreement

"I need an Intercompany Cost Plus Agreement for my Australian parent company to provide HR and accounting services to our local subsidiary, with a 5% markup on costs and standard monthly payment terms, to commence from January 2025."

Document background
This document type is essential for Australian businesses operating within corporate groups where one entity provides services to another related entity. An Intercompany Cost Plus Agreement is particularly relevant when establishing shared services arrangements, management services, or technical support services between related entities. The agreement ensures compliance with Australian transfer pricing regulations, tax laws, and corporate governance requirements while providing a clear framework for calculating service charges based on actual costs plus an agreed markup. It is commonly used in situations where services are provided on a regular basis between group entities and where documentation of arm's length pricing is required for tax purposes. The agreement includes comprehensive details about service scope, cost base determination, markup calculation, and compliance requirements, making it suitable for both domestic and international group arrangements subject to Australian jurisdiction.
Suggested Sections

1. Parties: Identifies the service provider and service recipient entities

2. Background: Establishes the context of the agreement, relationship between the parties, and general purpose

3. Definitions and Interpretation: Defines key terms including 'Costs', 'Markup', 'Services', and interpretation principles

4. Services: Detailed description of services to be provided by the service provider

5. Cost Calculation: Defines the cost base and which costs are included/excluded

6. Markup Determination: Specifies the agreed markup percentage and methodology

7. Payment Terms: Details on invoicing, payment timing, currency, and payment methods

8. Documentation and Records: Requirements for maintaining proper documentation for transfer pricing purposes

9. Compliance: Obligations regarding tax and regulatory compliance

10. Term and Termination: Duration of agreement and termination provisions

11. Confidentiality: Protection of confidential information exchanged under the agreement

12. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments

Optional Sections

1. Service Levels: Include when specific performance standards need to be maintained

2. Intellectual Property: Include when services involve creation or use of intellectual property

3. Dispute Resolution: Include when parties want specific dispute resolution procedures beyond court jurisdiction

4. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances

5. Tax Gross-Up: Include when withholding tax considerations need to be addressed

6. Audit Rights: Include when regular auditing of costs and markup is required

7. Personnel: Include when specific requirements for service provider's personnel need to be established

Suggested Schedules

1. Schedule 1 - Services Description: Detailed breakdown of services to be provided

2. Schedule 2 - Cost Components: Detailed list of includable and excludable costs

3. Schedule 3 - Markup Calculation Methodology: Detailed explanation of how markup is calculated

4. Schedule 4 - Service Levels: Specific performance metrics and standards if applicable

5. Schedule 5 - Approved Personnel: List of key personnel or roles if applicable

6. Appendix A - Transfer Pricing Documentation Requirements: Documentation requirements for tax compliance

7. Appendix B - Invoice Template: Standard format for invoicing

8. Appendix C - Reporting Templates: Standard formats for regular reporting requirements

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

Relevant legal definitions
Relevant Industries

Manufacturing

Professional Services

Technology

Financial Services

Healthcare

Mining and Resources

Retail

Telecommunications

Consumer Goods

Energy

Relevant Teams

Finance

Legal

Tax

Treasury

Compliance

Shared Services

Corporate Services

Financial Planning & Analysis

Accounting

Risk Management

Relevant Roles

Chief Financial Officer

Tax Director

Legal Counsel

Finance Manager

Transfer Pricing Manager

Commercial Director

Group Financial Controller

Shared Services Manager

Head of Tax

Compliance Officer

Corporate Controller

Treasury Manager

Financial Planning Manager

Group Accountant

Corporate Services Director

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

Find the exact document you need

OverContract

Australian law-governed overdraft facility agreement establishing terms and conditions between a financial institution and borrower, compliant with national banking and consumer credit legislation.

find out more

Current Account Agreement

An Australian-law governed agreement establishing the terms and conditions between a bank and account holder for operating a current account, compliant with Australian banking regulations.

find out more

Bank Deposit Agreement

An Australian-law governed agreement establishing terms and conditions between a bank and customer for deposit account services.

find out more

Bank Account Contract

An Australian-law governed agreement establishing the terms and conditions between a bank and account holder for banking services and account operation.

find out more

Pre Authorized Payment Agreement

An Australian-compliant agreement authorizing recurring automatic payments from a customer's account to a service provider.

find out more

Bank Account Control Agreement

An Australian law-governed tripartite agreement establishing control over bank accounts as security, between an account holder, secured party, and bank.

find out more

Rental Agreement For Bank Account Opening

An Australian legal agreement combining residential tenancy terms with bank account opening requirements, compliant with federal banking and state tenancy regulations.

find out more

Checking Agreement

An Australian law-governed agreement establishing terms and conditions for operating a checking account between a financial institution and account holder.

find out more

Client Account Agreement

An Australian-law governed agreement establishing the terms for financial services and account management between a financial institution and its clients.

find out more

Business Account Agreement

An Australian law-governed agreement establishing terms and conditions for business banking services between a financial institution and business customers.

find out more

Letter Of Authorization To Debit Account

An Australian-compliant authorization letter that permits automatic withdrawals from a specified bank account through a direct debit arrangement.

find out more

Time Deposit Agreement

An Australian-law governed agreement establishing terms and conditions for fixed-term deposits between financial institutions and depositors.

find out more

Notice Of Assignment Of Accounts Receivable

An Australian law-compliant notice informing debtors of the transfer of accounts receivable rights from one party to another, including payment instructions and acknowledgment requirements.

find out more

Intercompany Cost Plus Agreement

An Australian-law governed agreement establishing service arrangements between related entities based on a cost-plus pricing methodology, incorporating local transfer pricing requirements.

find out more

Blocked Account Control Agreement

An Australian law agreement establishing control over a bank account between an account holder, secured party, and bank for security purposes.

find out more

Savings Account Agreement

An Australian law-governed agreement establishing terms and conditions between a bank and customer for operating a savings account.

find out more

Deposit Account Agreement

An Australian-law governed agreement between a financial institution and account holder establishing terms for deposit account services and operations.

find out more

Margin Agreement

An Australian law-governed agreement establishing terms for margin posting and maintenance between financial counterparties.

find out more

Blocked Account Agreement

An Australian law-governed agreement establishing a controlled bank account arrangement between a bank, account holder, and security beneficiary.

find out more

Bank Account Agreement

An Australian law-governed agreement establishing the terms and conditions between a bank and account holder for operating a bank account and related services.

find out more

Securities Account Control Agreement

An Australian law-governed three-party agreement establishing control rights over a securities account used as collateral in financial transactions.

find out more

Joint Account Agreement

An Australian-law governed agreement establishing the terms and conditions for operating a joint bank account between multiple account holders and a financial institution.

find out more

Account Opening Agreement

Australian-law governed agreement establishing the relationship between a financial institution and customer for banking services provision.

find out more

Certificate Of Deposit Agreement

An Australian-law governed agreement between a financial institution and depositor establishing terms for a fixed-term deposit investment, including interest rates, maturity conditions, and withdrawal provisions.

find out more

Account Receivable Purchase Agreement

An Australian law-governed agreement for the sale and purchase of accounts receivable between a business and a financial institution, establishing terms for receivables trading and related security interests.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.