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Intercompany Shared Services Agreement

Intercompany Shared Services Agreement Template for Australia

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Key Requirements PROMPT example:

Intercompany Shared Services Agreement

"I need an Intercompany Shared Services Agreement for our Australian parent company to provide IT, HR, and finance services to three newly acquired subsidiaries, with service commencement planned for March 2025."

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Document background
The Intercompany Shared Services Agreement is essential for corporate groups operating in Australia seeking to optimize operational efficiency through centralized service delivery. This document is typically used when a company within a group provides various support services (such as IT, HR, finance, or administrative services) to other group entities. It addresses key requirements under Australian law, including Corporations Act 2001 compliance, transfer pricing regulations, and privacy laws. The agreement establishes clear service expectations, pricing mechanisms, governance frameworks, and risk allocation while ensuring regulatory compliance. It's particularly relevant for organizations implementing shared service centers or consolidating support functions across their corporate structure.
Suggested Sections

1. Parties: Identification of the service provider and recipient entities, including registration details and addresses

2. Background: Context of the agreement, relationship between the parties, and purpose of the shared services arrangement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Term and Commencement: Duration of the agreement, including start date and renewal provisions

5. Services: Overview of services to be provided, with reference to detailed service descriptions in schedules

6. Service Levels: General principles of service quality and performance standards

7. Charges and Payment: Pricing methodology, payment terms, and transfer pricing compliance

8. Governance and Reporting: Management structure, reporting requirements, and review processes

9. Personnel: Requirements for personnel delivering services, including qualifications and conduct

10. Intellectual Property: Ownership and licensing of IP used in or created through service delivery

11. Confidentiality and Data Protection: Protection of confidential information and compliance with privacy laws

12. Liability and Indemnities: Allocation of risks and responsibilities between parties

13. Termination: Termination rights and process

14. Post-Termination: Obligations and transition arrangements following termination

15. General Provisions: Standard boilerplate clauses including notices, amendment process, and governing law

Optional Sections

1. Cross-Border Requirements: Include when services are provided across international borders, addressing regulatory compliance and currency considerations

2. IT Systems and Security: Include when services involve significant IT components or system access

3. Staff Transfers or Secondments: Include when personnel will be transferred or seconded between entities

4. Business Continuity and Disaster Recovery: Include for critical services requiring specific continuity arrangements

5. Compliance with Group Policies: Include when specific corporate group policies must be followed

6. Asset License and Usage: Include when significant assets or licenses are being shared

7. Tax and VAT/GST Provisions: Include detailed tax provisions for complex cross-border arrangements

8. Change Control Process: Include for complex service arrangements requiring formal change management

Suggested Schedules

1. Schedule 1 - Service Descriptions: Detailed descriptions of each service to be provided

2. Schedule 2 - Service Levels and KPIs: Specific performance metrics and measurement methods

3. Schedule 3 - Charges and Pricing Methodology: Detailed pricing calculations and transfer pricing documentation

4. Schedule 4 - Governance Framework: Detailed governance structure, meeting schedules, and escalation procedures

5. Schedule 5 - Technical Requirements: Technical specifications and requirements for service delivery

6. Schedule 6 - Contact Details and Key Personnel: List of key contacts and responsible personnel

7. Schedule 7 - Service Locations: Locations where services will be provided and received

8. Schedule 8 - Exit Plan Template: Framework for service transition upon termination

9. Appendix A - Form of Reports: Templates for required service reports and documentation

10. Appendix B - Security and Access Requirements: Detailed security protocols and access procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






















































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Relevant Industries

Financial Services

Mining and Resources

Healthcare

Technology

Manufacturing

Professional Services

Retail and Consumer Goods

Energy and Utilities

Telecommunications

Transport and Logistics

Relevant Teams

Legal

Finance

Human Resources

Information Technology

Operations

Procurement

Tax

Compliance

Risk Management

Corporate Services

Shared Services

Commercial

Business Development

Strategy

Relevant Roles

Chief Financial Officer

Head of Shared Services

Legal Counsel

Chief Operating Officer

Finance Director

HR Director

IT Director

Procurement Manager

Service Delivery Manager

Commercial Manager

Group Financial Controller

Tax Manager

Compliance Officer

Operations Manager

Business Development Director

Risk Manager

Corporate Services 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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