Thanx islandbum and foglefar for your input,

Firstly Ive had another day looking over the electrics on the bike again.

Starting at the headlamp, nothing to note there all in good order.

Continuity tested the clutch switch many cycles all tests good.

Likewise with the side stand switch, again all good.

Removed the tank to check all conections in all block connectors,and relays, all good and free of corrosion all have been lightly greased.

The battery terminals were tighter than me, believe me thats not easy.

Then a visual check of the fuse box and all looks good, and was going to check circuit continuity next.

Whilst the side panels were off, I took a look at the ECU/ECM as well, noting all the numbers on the front of the unit for ref.
Disconnected the unit only to find a horrible green deposit and traces of water ingress on three or four pins inside the right hand connector.
These have now been cleaned and lightly greased with silicone grease.
As I reassembled the bike I noticed that the tape on the wiring loom was bound in such a way that water would be collected and channeled toward the ECU/ECM connector.
I have now rebound the loom with self amalgamating tape to prevent any further water ingress.

After reasembly I took the bike for a run, taking my troubled route of yesterday which had three or four cut out scenarios ! and no trouble at all.

As amatter of course I will still check the fuse box and ignition switch later in the week.

I will add to the post if all is good, or if I continue to have problems.

Fingers crossed.

Though it was trouble free, I welcome anyonelses input on
this thread.

PS. foglefar, I am in the UK and the bike I have is a late 2008 model, being a UK model it was available here before Australia.