Cash Backed Bank Guarantee Template for Australia

1. Counter Indemnity: Required when the applicant provides additional indemnity to the bank beyond the cash backing

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

3. Assignment Provisions: Required if the guarantee may be transferred or assigned to other parties

4. Foreign Law Requirements: Needed for guarantees that may be called upon in foreign jurisdictions

5. Special Drawing Conditions: Used when there are specific conditions or documentation required for drawing on the guarantee

6. Interest on Cash Backing: Included when interest arrangements on the cash backing need to be specified

7. Automatic Extension Provisions: Required when the guarantee may be automatically extended under certain conditions

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

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission

3. Schedule 3 - Cash Backing Account Details: Specific details of the account(s) holding the cash backing

4. Schedule 4 - Required Documents: List of documents required for various processes under the guarantee

5. Appendix A - Bank's Standard Terms and Conditions: Standard terms and conditions applicable to bank guarantees

6. Appendix B - Authorized Signatories: List of persons authorized to act on behalf of each party