Bank Guarantee Irrevocable Template for Australia

1. Language of Guarantee: Required only for international transactions where multiple languages might be used

2. Multiple Beneficiaries: Include when there is more than one beneficiary, detailing their rights and relationships

3. Partial and Multiple Drawings: Include when the guarantee can be drawn down in parts rather than as a single amount

4. Force Majeure: Include for international guarantees or when specifically requested by parties

5. Electronic Presentation: Include when electronic submission of demands is permitted

6. Tax Provisions: Include when tax implications need to be addressed, particularly for international guarantees

7. Counter-Guarantee Provisions: Include when there is a counter-guarantee arrangement with another bank

8. Currency Provisions: Include for international guarantees or when currency conversion might be required

1. Schedule 1 - Form of Demand: Template for making a demand under the guarantee

2. Schedule 2 - Underlying Contract Details: Details of the primary contract or obligation being guaranteed

3. Schedule 3 - Fee Schedule: Details of bank fees and charges related to the guarantee

4. Schedule 4 - Authorized Signatories: List of persons authorized to make demands under the guarantee

5. Appendix A - Supporting Documents: List of required supporting documents for guarantee activation or demands

6. Appendix B - Communication Procedures: Detailed procedures for making demands and communications under the guarantee