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The Consignment Agreement is essential for businesses operating in Australia that wish to sell goods through third parties without transferring ownership until the final sale. This document is commonly used in retail, art galleries, luxury goods, and various other sectors where merchants want to display and sell products without purchasing them outright. The agreement must comply with Australian legislation, particularly the Personal Property Securities Act 2009 and the Australian Consumer Law. It typically includes detailed provisions for handling goods, commission structures, reporting requirements, risk allocation, and security interests. The Consignment Agreement is particularly valuable for businesses looking to expand their market reach without significant inventory investment, while maintaining control over their products and ensuring legal protection for all parties involved.

1. Parties: Identification of the consignor and consignee, including full legal names, ABNs, and registered addresses

2. Background: Context of the agreement, nature of the parties' businesses, and general purpose of the consignment arrangement

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules for interpreting the agreement

4. Appointment and Scope: Terms of the consignee's appointment and scope of authority to sell consigned goods

5. Ownership and Risk: Confirmation of retention of title by consignor and allocation of risk for the consigned goods

6. Delivery and Storage: Terms for delivery, acceptance, and storage of consigned goods

7. Sale of Goods: Terms governing the sale of consigned goods, including pricing and authorized sales methods

8. Commission and Payment: Commission structure, payment terms, and procedures for remitting proceeds

9. Reporting and Records: Requirements for inventory management, sales reporting, and record-keeping

10. PPSA Provisions: Provisions addressing Personal Property Securities Act requirements and registrations

11. Insurance: Insurance requirements for consigned goods and liability coverage

12. Term and Termination: Duration of the agreement and circumstances for termination

13. Return of Goods: Procedures for returning unsold goods to the consignor

14. General Provisions: Standard legal provisions including governing law, notices, and dispute resolution