This precedent has been authored by Amy Koit, Lecturer, University of Sydney Business School and updated by Jane Garber-Rosenzweig, Principal, Gable Lawyers. Previous versions of this were authored by Jenny Wily, Solicitor, Wily Legal and Consulting Pty Ltd. Introductory note This template deals with multiple advances by a private company to the same borrower. The template covers loans advanced subsequent to entering the agreement as well as loans advanced prior to entering the agreement. This template should only be used as a guide. Legal advice should be sought to tailor an agreement to the parties' individual circumstances. For a discussion about when a payment will and will not be treated as a dividend see  and .