Domestic Bank Guarantee Template for Australia

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

2. Counterparts: Included when the guarantee may be executed in multiple copies

3. Foreign Currency Provisions: Required when the guarantee amount is in a currency other than Australian dollars

4. Step-in Rights: Included when beneficiary has rights to assume control of underlying obligations

5. Electronic Execution: Required when parties agree to electronic execution of the guarantee

6. Bank's Right of Recourse: Details the bank's rights against the applicant, included when specific recourse arrangements are needed

7. Amendments: Included when specific procedures for amendments need to be detailed

8. Confidentiality: Required when specific confidentiality obligations need to be imposed

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

2. Underlying Agreement Details: Summary or extract of the key terms from the underlying agreement being guaranteed

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

4. Authorized Signatories: List of persons authorized to make demands or give notices under the guarantee

5. Special Conditions: Any specific conditions or requirements unique to this guarantee