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Cheques Act 1986

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
action

includes a counter‐claim and set‐off.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
agency cheque

means a cheque to which subsection 100(2) applies.

Note: Under section 100A, subsection 100(2) may, in specified circumstances, apply to a cheque even if the customer’s signature on the cheque is not authorised.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
Cheques Act 1986 - 100 Agency cheques
Australia

includes the external Territories.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
bearer

means the person in possession of a cheque payable to .

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
delivery

, in relation to a cheque, means the transfer of possession of the cheque from one person to another.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
drawee institution

, in relation to a cheque, means the financial institution on which the cheque is drawn.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
holder

means:

(a) in relation to a cheque payable to order—the payee or an indorsee who is in possession of the cheque as payee or indorsee, as the case may be; and

(b) in relation to a cheque payable to bearer—the bearer.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
issue

, in relation to a cheque, means the first delivery of the cheque to a person who takes the cheque as holder.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
possession

, in relation to a cheque, means (whether actual or constructive) of the cheque.

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
to or to the order of

has the meaning given by subsection (1A).

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
value

means valuable consideration as defined by section 35.

(1A) For the purposes of this Act, a cheque is payable

to or to the order of

a person or persons if:

Cheques Act 1986 Cheques Act 1986 - 3 Interpretation
Cheques Act 1986 - 35 Valuable consideration defined

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.