No option to create LiveText Template

Hi all, I am very new to AfterEffects so sorry if I've made a rookie mistake. Essentially, I was following a tutorial which showed you how to use LiveText with premier but when he said "Go to Comp Settings, Advanced, and tick Create Template (or whatever the exact wording is I do not remember)" I could not see this option. It has the two options above create template, and all of the following ones, but that specific one is not there.

Any ideas as to why I'm missing this?

Cheers.