Common use of Good Business Day Clause in Contracts

Good Business Day. ‌ A good business day is defined as any day on which banks in the state of New South Wales (NSW) are generally open for business, or a day other than one on which banks in NSW are obliged or permitted to close, excluding Saturday and Sunday. Essentially, NSW business days are weekdays (Monday to Friday) other than NSW public holidays as gazetted under the NSW State Government’s Banks and Bank Holidays Act 1912. Australian OTC markets however generally tend to operate in a reduced capacity on gazetted NSW public holidays that are not similarly gazetted in Victoria, and on weekdays when banks in NSW are obliged or permitted to close.

Good Business Day. ‌ A good business day is defined as any day on which banks in the state of New South Wales (NSW) are generally open for business, or a day other than one on which banks in NSW are obliged or permitted to close, excluding Saturday and Sunday. Essentially, NSW business days are weekdays (Monday to Friday) other than NSW public holidays as gazetted under the NSW State Government’s Banks and Bank Holidays Act 1912. Australian OTC markets however generally tend to operate in a reduced capacity on gazetted NSW public holidays that are not similarly gazetted in Victoria, and on weekdays when banks in NSW are obliged or permitted to close.