Title Cheques and Payment Orders Amendment (Turnback of Cheques) Bill 1998
Database Bills & Legislation
Long Title a Bill for an Act to amend the [itals]Cheques and Payment Orders Act 1986[eitals]
Date 07-04-1998
Source House of Reps
Parl No. 38
Bill Number 98054
Bill Type Government
Portfolio Treasurer's portfolio
Reps Bill Code O
Status Act
System Id legislation/bills/r510_first/0001


Cheques and Payment Orders Amendment (Turnback of Cheques) Bill 1998

 

 

 

 

Cheques and Payment Orders Amendment (Turnback of Cheques) Act 1998

 

No. 77, 1998

 

 

 

 

  

  


 

 

 

 

Cheques and Payment Orders Amendment (Turnback of Cheques) Act 1998

 

No. 77, 1998

 

 

 

 

An Act to amend the Cheques and Payment Orders Act 1986

  

  


Contents

1............ Short title............................................................................................

2............ Commencement..................................................................................

3............ Schedule(s).........................................................................................

Schedule 1—Amendment of the Cheques and Payment Orders Act 1986 relating to turnback of cheques drawn on failed banks                                                         

 


Cheques and Payment Orders Amendment (Turnback of Cheques) Act 1998

No. 77, 1998

 

 

 

An Act to amend the Cheques and Payment Orders Act 1986

[Assented to 2 July 1998]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Cheques and Payment Orders Amendment (Turnback of Cheques) Act 1998.

2  Commencement

             (1)  Subject to this section, this Act commences on the day on which it receives the Royal Assent.

             (2)  Subject to subsection (3), the items of Schedule 1, other than item 6, commence on a day to be fixed by Proclamation.

             (3)  If the items to which subsection (2) applies do not commence under subsection (2) within the period of 6 months beginning on the day on which this Act receives the Royal Assent, they commence on the first day after the end of that period.

             (4)  Item 6 of Schedule 1 commences as follows:

                     (a)  if the Australian Prudential Regulation Authority Act 1998 commences before, or at the same time as, the items to which subsection (2) applies—item 6 commences immediately after the commencement of the items to which subsection (2) applies;

                     (b)  if the Australian Prudential Regulation Authority Act 1998 commences after the commencement of the items to which subsection (2) applies—item 6 commences immediately after the commencement of the Australian Prudential Regulation Authority Act 1998.

3  Schedule(s)

                   Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.