If all parties agree and are ready to settle, you can complete settlement early. This includes the banks, so check that your bank is ready to settle before you agree to bring settlement forward.
You can also delay settlement without penalty if all parties agree. We suggest you formalise any agreement to delay settlement by way of a simple document (Variation of contract) signed by the buyer and seller. The real estate agent can prepare a variation.
If you don’t sign a Variation and settlement is completed more than 3 business days later than the due date, the delaying party may be liable to pay penalty interest for the delay in settlement.