Online Financial Statement Form Template for Australia

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Key Requirements PROMPT example:

Online Financial Statement Form

"I need an Online Financial Statement Form for a fintech lending platform launching in March 2025, compliant with Australian regulations and optimized for mobile devices, with specific sections for cryptocurrency assets and digital payment income streams."

Document background
The Online Financial Statement Form is a critical document used in the Australian financial services sector to gather and verify detailed financial information from individuals or entities. It is typically required for various purposes including loan applications, financial planning services, regulatory compliance, or account opening procedures. The form has been designed to comply with Australian legislation including the Corporations Act 2001, Privacy Act 1988, and Electronic Transactions Act 1999. It includes comprehensive sections covering income, assets, liabilities, and expenses, while incorporating necessary privacy notices and consent mechanisms. This digital format ensures efficient data collection while maintaining compliance with Australian data protection and electronic transaction requirements.
Suggested Sections

1. Personal Information: Identifying details of the person/entity submitting the form including full name, date of birth, contact details, and any relevant identification numbers

2. Privacy Notice: Explanation of how the collected information will be used, stored, and protected in accordance with the Privacy Act 1988 and Australian Privacy Principles

3. Income Details: Comprehensive section for declaring all sources of income including employment, investments, government benefits, and other income streams

4. Asset Declaration: Details of all assets owned including property, vehicles, investments, and cash holdings

5. Liability Statement: List of all debts and financial obligations including mortgages, loans, credit cards, and other liabilities

6. Expense Summary: Breakdown of regular expenses and financial commitments

7. Declaration of Accuracy: Legal statement confirming the truthfulness and accuracy of the provided information

8. Electronic Consent: Agreement to electronic submission and processing of the form under the Electronic Transactions Act

Optional Sections

1. Business Financial Information: Additional section for business owners to provide business financial details - used when the form is being completed by a business owner or self-employed individual

2. Trust Information: Section for declaring trust assets and income - included when the individual is a trustee or beneficiary of a trust

3. Foreign Income Declaration: Section for declaring overseas income and assets - required when the individual has international financial interests

4. Joint Assets/Liabilities: Additional section for declaring shared financial responsibilities - used when assets or liabilities are jointly held

5. Dependent Information: Section for providing details about financial dependents - included when the individual has financial responsibility for others

Suggested Schedules

1. Schedule A - Income Documentation: List of required supporting documents for income verification (pay slips, tax returns, etc.)

2. Schedule B - Asset Documentation: List of required supporting documents for asset verification (property valuations, vehicle registrations, etc.)

3. Schedule C - Expense Categories: Detailed breakdown of expense categories and what should be included in each

4. Appendix 1 - Terms and Definitions: Glossary of financial terms used in the form

5. Appendix 2 - Privacy Policy: Detailed privacy policy and data handling procedures

6. Appendix 3 - Document Checklist: Checklist of all required supporting documentation to be submitted with the form

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

Banking

Financial Services

Wealth Management

Insurance

Lending

Financial Planning

Legal Services

Accounting

Fintech

Regulatory Compliance

Relevant Teams

Legal

Compliance

Risk Management

Credit Assessment

Customer Service

Operations

Financial Advisory

Wealth Management

Data Protection

Digital Operations

Product Development

Relevant Roles

Financial Advisor

Loan Officer

Compliance Officer

Risk Manager

Account Manager

Credit Analyst

Wealth Manager

Financial Controller

Legal Counsel

Privacy Officer

Data Protection Officer

Customer Service Representative

Financial Services Manager

Operations 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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