The quality and specialty of this dispensation is that, it is the dispensation of the fullness of time. All previous dispensations were partial, incomplete and unsatisfactory. They all arrived up to a point and could go no further. They waited for another phase of God's workings. However, it is in this dispensation that the eternal God will gather up all things in Christ, in completion to His work. (Ephesians 1:10). The times are made full in this dispensation. All that which did not arrive at its fullness, finality and completion in all the other ages will be made full and complete in this dispensation.
This dispensation refers back to all the past dispensations; it also refers to the future dispensations. From this dispensation, the future dispensations will take its character and nature. The past and the future dispensations converge in this dispensation.
This dispensation is governed by the full meaning of Christ, while all the other were in fragments and parts (Hebrews 1:1). This dispensation will gather up in one all things in heaven and all things in the earth under one Head, the Lord Jesus Christ.
This dispensation is the dispensation of the Holy Spirit. He is the custodian of God's eternal purpose. Whenever God has moved in to realize any part of His comprehensive purpose, He has always done so by the agency of the Holy Spirit. The Spirit of God has been the wisdom, the power, the energy, the initiator, the sustainer and the consummator of that which God has at any time taken in hand to bring about. We see this in the creation of the literal universe, the Spirit of God is the agent seen initiating, pervading, conducting and always in evidence in relation to the bringing of this cosmic order into being. So it shall be in the bringing of the new spiritual cosmos into being.
Man is totally incapable of realizing any part or fragment of the great purpose of God for this dispensation without the Spirit of God. No part of it will be realized by man. The advent of the Holy Spirit at the beginning of this dispensation is the divine declaration that God must do His work Himself or it will never be done!