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Is there a limit how long each party can delay settlement for? Can buyer rescind contract without penalty if settlement takes more than that limit?

Their tenant of their rental property which they are moving into can't vacate before original settlement date. So, they will still be living there.

Can I, as the purchaser, have any say on the new settlement date if vendor can't meet their settlement date without incurring a penalty?

Yes, that is what I mean

Hi, The vendor I am purchasing from can't meet the settlement date. My conveyancer said there is nothing I can claim from them. However, if I miss the settlement date, I will be liable to penalties. Is it fair? Furthermore, if I incur a direct loss by having a signed a lease on my current...