Guaranteed Payment Agreement Template for Australia

1. Security: Include when the guarantee is secured by specific assets or security interests

2. Multiple Guarantors: Required when there is more than one guarantor, addressing joint and several liability

3. Corporate Guarantor Provisions: Include when the guarantor is a corporation, addressing corporate capacity and authority

4. Priority and Subordination: Include when there are multiple creditors or security interests requiring priority arrangements

5. Independent Legal Advice: Include when required by law or prudent practice, particularly for individual guarantors

6. Financial Covenants: Include when ongoing financial requirements are imposed on the Guarantor

7. Review and Reduction: Include when the guaranteed amount may be reviewed or reduced over time

1. Schedule 1 - Payment Obligation Details: Details of the underlying payment obligation being guaranteed

2. Schedule 2 - Demand Notice Form: Prescribed form for making a valid demand under the guarantee

3. Schedule 3 - Security Details: Description of any security provided (if applicable)

4. Appendix A - Legal Opinion: Format for required legal opinions (if applicable)

5. Appendix B - Financial Reporting Requirements: Templates and requirements for financial reporting (if applicable)