I hope to sell an IP and with the proceeds buy a new PPOR The current plan is that settlement be long, up to 12 months. As the sale price is locked in I can then look for a new PPOR and sort out a new PPOR mortgage with more certainty. When I have both I can give the buyer of my IP 30 or 60 days to settle. The buyer pays me and I pay the vendor of the new PPOR. I don't want masses of cash sitting in a bank account as this would attract interest income and tax. The government guarantee will not apply unless I split the proceeds into three accounts, or three banks. The IP selling REA has advised that settlement terms must be fixed. Is this so and is the above plan acceptable? TIA.