Conditional Bank Guarantee Template for Australia

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

2. Counter-Indemnity: Used when the applicant must provide indemnity to the bank for any payments made under the guarantee

3. Reduction Provisions: Included when the guarantee amount can be reduced over time or upon certain events

4. Foreign Law Compliance: Required when the guarantee might be called upon in foreign jurisdictions

5. Step-In Rights: Included when other parties have rights to step into the position of the applicant

6. Dispute Resolution: Detailed dispute resolution procedures beyond standard court jurisdiction

7. Bank's Independent Obligations: Enhanced clauses emphasizing the bank's independent obligations when required by specific transactions

8. Extension Provisions: Mechanisms for extending the guarantee term if required by the underlying transaction

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

2. Required Supporting Documents: List and format of documents required to accompany a demand

3. Authorized Signatories: List of persons authorized to make demands or give notices

4. Underlying Agreement Details: Summary or extract of the underlying agreement being guaranteed

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

6. Amendment Template: Standard form for documenting any amendments to the guarantee