Document ID: chunk:federal_register_of_legislation:C2017C00074:section:5
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 5
Character Range: 12431–13383

5  Cheques a financial institution draws on itself
 (1) Subject to subsection (2), a reference in this Act to a cheque includes a reference to a cheque that a financial institution draws on itself.
 (2) Subsection (1) does not apply to a reference to a cheque in a provision in which a contrary intention appears, or in any of the following provisions:
 (a) sections 10, 11, 12, 13, 14 and 15;
 (b) subsection 17(3);
 (c) subparagraph 59(b)(i);
 (d) subsections 60(1), 62(12) and 62A(8);
 (e) sections 88, 89, 90 and 91.
 (3) Nothing in this Act (other than section 92, subsection 93(2) and section 94) is to be taken to affect any liability that, but for this Act, a financial institution would have in relation to a cheque drawn by it on itself.
 (4) A reference in subsection (1) or (3) to a cheque drawn by a financial institution on itself is a reference to an instrument that would be a cheque if the drawer and drawee were not the same person.