Document ID: chunk:federal_register_of_legislation:C2012C00128:front:0:p1
Version: federal_register_of_legislation:C2012C00128
Segment Type: other
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Character Range: 0–2774

Bills of Exchange Act 1909

Act No. 27 of 1909 as amended

This compilation was prepared on 27 December 2011
taking into account amendments up to Act No. 46 of 2011

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General's Department, Canberra

Contents

Part I—Preliminary
1 Short title [see Note 1]
2 Commencement [see Note 1]
4 Interpretation of terms
5 Application of rules of bankruptcy and common law
6 Application of Act
7 Application of State laws

Part II—Bills of exchange
Division 1—Form and interpretation
8 Bill of exchange defined
9 Inland and foreign bills
10 Effect where different parties to bill are the same person
11 Address to drawee
12 Certainty required as to payee
13 What bills are negotiable
14 Sum payable
15 Bill payable on demand
16 Bill payable at a future time
17 Omission of date in bill payable after date
18 Ante‑dating and post‑dating
19 Computation of time of payment
20 Case of need
21 Optional stipulation by drawer or indorser
22 Definition and requisites of acceptance
23 Time for acceptance
24 General and qualified acceptances
25 Inchoate instruments
26 Delivery
Division 2—Capacity and authority of parties
27 Capacity of parties
28 Signature essential to liability
29 Forged or unauthorized signature
30 Procuration signatures
31 Person signing as agent or in representative capacity
Division 3—The consideration for a bill
32 Value and holder for value
33 Accommodation bill or party
34 Holder in due course
35 Presumption of value and good faith
Division 4—Negotiation of bills
36 Negotiation of bill
37 Requisites of a valid indorsement
38 Conditional indorsement
39 Indorsement in blank and special indorsement
40 Restrictive indorsement
41 Negotiation of overdue or dishonoured bill
42 Negotiation of bill to party already liable thereon
43 Rights of holder
Division 5—General duties of the holder
44 When presentment for acceptance is necessary
45 Time for presenting bill payable after sight
46 Rules as to presentment for acceptance and excuses for non‑presentment
47 Non‑acceptance
48 Dishonour by non‑acceptance and its consequences
49 Duties as to qualified acceptances
50 Rules as to presentment for payment
51 Excuses for delay or non‑presentment for payment
52 Dishonour by non‑payment
53 Notice of dishonour and effect of non‑notice
54 Rules as to notice of dishonour
55 Excuses for non‑notice and delay
56 Noting or protest of bill
57 Duties of holder as regards drawee or acceptor
Division 6—Liabilities of parties
58 Funds in hands of drawee
59