Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:7_17
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 7 cl 17
Character Range: 140050–140719

17  Bearer negotiable instruments
 (1) A bearer negotiable instrument is an instrument that is one of the following that is payable to bearer:
 (a) a bill of exchange;
 (b) a cheque;
 (c) a promissory note;
 (d) a bearer bond;
 (e) a traveller's cheque;
 (f) a money order, postal order or similar order;
 (g) a negotiable instrument not covered by any of the above paragraphs.
 (2) Without limiting subsection (1), an instrument is payable to bearer if the instrument:
 (a) is endorsed without restriction; or
 (b) does not express a payee; or
 (c) is payable to a fictitious person; or
 (d) is otherwise in such form that title to the instrument passes on delivery.