The survival period is the length of time after completion during which the buyer can bring warranty or indemnity claims against the seller. Australian sub-$20M deals typically have general business warranty survival of 18 to 24 months.
Tax warranty and indemnity survival is usually negotiated longer (often 4 to 7 years from completion) to align with the ATO’s period of review for the relevant entity. Title and capacity warranty survival is usually unlimited or set at the maximum permissible period under the Limitation Act of the relevant Australian jurisdiction.