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BLACK = Old Item/Clause | RED = New Item/Clause | BLUE = Comments About Change (Not Part of Form) | STRIKEOUT = Wording Deleted
21 Jan 2019
26 May 2018 v1.1
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Clause 1(10)
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Each party must do everything reasonably necessary and in a reasonable timeframe to ensure:
(a)
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settlement occurs electronically on the due date for settlement; or
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(b)
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where, the parties haveing complied with general conditions in the contract in respect of settlement and the provisions of this special condition, and settlement cannot occur by e-conveyance and on the due date neither party is in default, and settlement will be completed:
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(i)
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by e-conveyance on the next business day after the due date for settlement; or if the parties agree,
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(ii)
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if the parties agree, using a method other than e-conveyance, in which case settlement must be within 3 business days of the due date for settlement,
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and in either case, time remains of the essence.
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