tiktok˰

Common Law Prenup Template for Australia

An Australian Binding Financial Agreement (BFA), commonly known as a prenuptial agreement, is a legally binding contract made between parties intending to marry under Australian law. The agreement is governed by the Family Law Act 1975 (Cth) and must comply with strict legislative requirements, including mandatory independent legal advice for both parties. The document sets out how the parties' assets, liabilities, and financial resources will be dealt with in the event of relationship breakdown, providing clarity and certainty for both parties while protecting their respective financial interests.

Typically:
i
This cost is based on prices provided by
6 legal services in your market.
With tiktok˰:

£0

i
Generate and export your first
document completely free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Common Law Prenup?

The Common Law Prenup, formally known as a Binding Financial Agreement (BFA) in Australia, is a crucial document for parties planning to marry who wish to establish clear financial arrangements in advance. It is particularly relevant for individuals with significant assets, business interests, expected inheritances, or those entering second marriages. The agreement must comply with the Family Law Act 1975 (Cth) and requires both parties to receive independent legal advice. It typically includes comprehensive details of all assets, liabilities, and financial resources of both parties, provisions for property division, and arrangements for financial support in case of relationship breakdown. The document must be carefully drafted to ensure enforceability and should be prepared well in advance of the marriage to avoid any suggestion of duress.

What sections should be included in a Common Law Prenup?

1. Parties: Identification and details of both parties entering into the agreement

2. Background: Context of the agreement, including the intended marriage and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Independent Legal Advice: Declarations regarding receipt of independent legal advice by both parties

5. Full and Frank Disclosure: Acknowledgment of financial disclosure by both parties

6. Separate Property: Definition and treatment of property owned separately by each party

7. Joint Property: Treatment of property acquired jointly during the marriage

8. Financial Support: Provisions regarding spousal maintenance and financial support

9. Termination Events: Circumstances under which the agreement will terminate

10. Dispute Resolution: Process for resolving disputes related to the agreement

11. Severability: Provisions for maintaining validity if parts are found void

12. Governing Law: Specification that Australian law governs the agreement

13. Execution: Formal requirements for signing and witnessing

What sections are optional to include in a Common Law Prenup?

1. International Assets: Include when either party has significant assets outside Australia

2. Existing Children: Include when either party has children from previous relationships

3. Future Children: Include when parties want to address financial arrangements regarding future children

4. Business Interests: Include when either party owns or operates a business

5. Inheritance: Include when there are specific provisions regarding expected inheritances

6. Superannuation: Include detailed provisions about superannuation splitting

7. Life Insurance: Include when parties agree to maintain life insurance policies

8. Intellectual Property: Include when either party has significant IP assets

9. Debt Allocation: Include when there are specific arrangements for existing or future debts

What schedules should be included in a Common Law Prenup?

1. Schedule A - Assets and Liabilities of First Party: Detailed list of all assets and liabilities of the first party at time of agreement

2. Schedule B - Assets and Liabilities of Second Party: Detailed list of all assets and liabilities of the second party at time of agreement

3. Schedule C - Statement of Independent Legal Advice (First Party): Certificate from first party's lawyer confirming provision of independent legal advice

4. Schedule D - Statement of Independent Legal Advice (Second Party): Certificate from second party's lawyer confirming provision of independent legal advice

5. Schedule E - Valuation Reports: Professional valuations of significant assets (if applicable)

6. Schedule F - Business Assets: Detailed description of business interests and their agreed treatment

7. Appendix 1 - Financial Disclosure Documents: Copies of financial statements and other relevant financial documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok˰ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Australia

Publisher

tiktok˰

Cost

Free to use

Find the exact document you need

Prenup For Defacto

An Australian Binding Financial Agreement that outlines financial arrangements between de facto partners under the Family Law Act 1975.

Download

Prenup For Common Law Marriage

An Australian legal agreement for de facto couples establishing property rights and financial arrangements under the Family Law Act 1975.

Download

Prenup For Business Owners

An Australian Binding Financial Agreement tailored for business owners, protecting business assets and interests before marriage.

Download

Prenuptial Agreement Without Lawyers

An Australian self-prepared binding financial agreement (prenuptial) that establishes financial arrangements between future spouses under the Family Law Act 1975.

Download

Basic Prenup Agreement

An Australian Binding Financial Agreement (prenup) that outlines financial arrangements between prospective spouses under the Family Law Act 1975.

Download

Prenuptial Agreement For Second Marriage

An Australian prenuptial agreement specifically tailored for second marriages, governed by the Family Law Act 1975, establishing financial arrangements and asset protection between parties.

Download

Mid Nuptial Agreement

An Australian law-compliant financial agreement between married couples that determines property division and financial arrangements during marriage and in case of separation.

Download

Basic Prenuptial Agreement

An Australian binding financial agreement (prenuptial agreement) that sets out agreed property and financial arrangements between prospective spouses under the Family Law Act 1975.

Download

Simple Prenup Agreement

An Australian Binding Financial Agreement (prenup) made before marriage that outlines the division of assets and financial arrangements between prospective spouses.

Download

Prenup Simple

An Australian prenuptial agreement under the Family Law Act 1975, establishing financial arrangements between prospective spouses before marriage.

Download

Couple Prenup

An Australian Binding Financial Agreement (prenup) that establishes property and financial arrangements between prospective spouses under the Family Law Act 1975.

Download

Common Law Prenup

An Australian Binding Financial Agreement (prenup) governed by the Family Law Act 1975, detailing financial arrangements between future spouses.

Download

Prenup Military

An Australian binding financial agreement tailored for military personnel, addressing service-specific benefits and financial arrangements before marriage.

Download

Maternity Prenup

An Australian binding financial agreement combining prenuptial provisions with specific maternity and childbirth considerations under the Family Law Act 1975.

Download

Relationship Prenup

An Australian Binding Financial Agreement (prenup) that establishes financial arrangements between prospective spouses under the Family Law Act 1975.

Download

Prenup Agreement For House

An Australian binding financial agreement (prenup) focusing on house property matters between prospective spouses, compliant with the Family Law Act 1975.

Download

Inheritance Prenup

An Australian binding financial agreement that combines prenuptial provisions with inheritance planning elements, compliant with the Family Law Act 1975.

Download

Business Prenup

An Australian-law governed agreement that establishes protocols for business ownership transitions, dispute resolution, and exit strategies among business partners.

Download

Prenup For Domestic Partnership

An Australian Binding Financial Agreement (prenup) for domestic partnerships that establishes financial arrangements and asset division under the Family Law Act 1975.

Download

No Nuptial Agreement

An Australian legal agreement between de facto partners establishing property and financial arrangements, governed by the Family Law Act 1975.

Download

Cheap Prenuptial Agreement

A simplified but legally compliant Australian prenuptial agreement under the Family Law Act 1975, designed for couples seeking a cost-effective way to establish pre-marriage financial arrangements.

Download

Prenuptial Agreement With Foreign Spouse

An Australian-compliant prenuptial agreement designed for marriages involving a foreign spouse, incorporating both domestic and international legal considerations.

Download

International Prenuptial Agreement

An Australian-law governed International Prenuptial Agreement establishing financial and property arrangements between prospective spouses with cross-border elements.

Download

Financial Prenuptial Agreement

An Australian Binding Financial Agreement that establishes pre-marriage financial arrangements and asset division under the Family Law Act 1975.

Download

Prenuptial Agreement After Marriage

An Australian law-compliant postnuptial agreement determining asset division and financial arrangements between married couples under the Family Law Act 1975.

Download

Matrimonial Agreement

An Australian legal agreement under the Family Law Act 1975 that establishes financial arrangements between spouses or prospective spouses regarding property division and maintenance.

Download

Nuptial Agreement

An Australian binding financial agreement that establishes property and financial arrangements between prospective spouses under the Family Law Act 1975.

Download
See more related templates

ұԾ’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; ұԾ’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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