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Black v garnock in the case. I spelled it wrong http://www.austlii.edu.au/au/cases/cth/HCA/2007/31.html Its an interesting case isn't it. In summary: the final title search at 9am. Writ was registered at 11.53am and settlement was at 2pm.

do a search on black v garnot. in this case a creditor of the vendor placed a writ on title approx 1 hr before settlement happended. this meant the creditor had priority over the purchaser and got the house. settlment coudnt occur ( actually settlement would have happened but transfer couldnt be...