Subrogation Contract Template for Australia

1. Multiple Insurers: Section required when multiple insurers are involved, detailing the relationship and priority between different insurers' subrogation rights

2. International Elements: Required when the subrogation involves cross-border elements or foreign jurisdictions

3. Third Party Rights: Section needed when there are specific third party rights or interests to be addressed

4. Reinsurance Provisions: Required when reinsurance arrangements affect the subrogation rights

5. Assignment: Specific provisions for assignment of rights, if applicable

6. Special Recovery Arrangements: Required when there are unique or complex recovery arrangements

7. Costs and Expenses: Detailed provisions about handling of costs when standard recovery provisions are insufficient

1. Schedule 1 - Original Insurance Policy Details: Details of the original insurance policy including relevant terms and conditions

2. Schedule 2 - Loss Event Details: Comprehensive information about the loss event giving rise to the subrogation right

3. Schedule 3 - Claim Documentation: List and copies of relevant claim documentation and evidence

4. Schedule 4 - Recovery Process: Detailed procedures and timelines for the recovery process

5. Schedule 5 - Contact Details: Contact information for all relevant parties and their representatives

6. Appendix A - Powers of Attorney: Any required powers of attorney or authorization documents

7. Appendix B - Calculation Methodology: Methodology for calculating recoverable amounts and distributions