Bank Counter Guarantee Template for Australia

1. Counter-Indemnity: Additional indemnity provisions when multiple parties are involved in backing the guarantee

2. Assignment Provisions: Include when transfer of rights under the guarantee needs to be addressed

3. Step-In Rights: Used when the bank requires rights to step into the underlying contract

4. Multiple Beneficiary Provisions: Required when the guarantee is issued in favor of multiple beneficiaries

5. Reduction Mechanisms: Include when the guarantee amount can be reduced over time or upon certain events

6. Foreign Law Components: Required when the guarantee involves cross-border elements or foreign law requirements

7. Special Conditions: For any unique requirements specific to the particular transaction

1. Form of Demand: Standard template for making a demand under the guarantee

2. Fee Schedule: Details of fees, charges, and commission payable to the bank

3. Underlying Contract Details: Summary or extract of the main contract that the guarantee supports

4. Authorization Documents: Copies of corporate authorizations and signing authorities

5. Communication Procedures: Detailed procedures for notices, demands, and other communications

6. Supporting Documents: List of required supporting documents for guarantee issuance or demand