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^{Template Tenant Doctor (Practitioner): 
Quistclose Separate Banking Arrangement
Intention Letter}

Practitioner Instructions: If you are a practitioner send this email to your practice or service entity.
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If you want to be paid correctly on time and safeguard your billings from fraud and error, it is essential to instruct your billing agent or practice to ensure that your billings are deposited into a centralised bank account that is separate from the practice's operational accounts. This arrangement, referred to as a Quistclose Arrangement, is based on a precedent legal case designed to protect funds in specific circumstances. For more information for you and your advisers, click HERE.
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The Recipient of your email below should have already sent you the appropriate organisation details such as contact persons email address and practice entity name for your to complete this email letter of intention below.

Please seek independent legal and accounting advice if your are not clear.

                                                                                                                     
                                                                                                                         XXXXXXXXXXX

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Template: Practitioner Instruction – [Practice/Service Entity Name] Letter of Intention: Quistclose Banking Arrangement Tenant Doctor

Dear [Recipient's Name],I hope this email finds you well. Please find below my formal instruction regarding the Quistclose Banking arrangement for managing my billings:

I hereby instruct [ XXXXX Pty Ltd ATF XXXXX Trust] to:

Separate my billings from the Service Entity into a separate Fee Collection account. Protect my billings in the event of insolvency of  [ XXXXX Pty Ltd ATF XXXXX Trust]  to maintain beneficial ownership of my billings.

Provide a cost-effective, tax-compliant, and practical solution to handle my billings in order to safeguard the funds held on my behalf.

I further instruct for this written confirmation to be incorporated into our service agreement, which will be maintained on file. If you have any questions regarding this matter, please do not hesitate to contact me directly.

Kind regards,

[Your Full Name][Your Address][City, State, Postcode][Your Contact Information]