Document ID: chunk:federal_register_of_legislation:C2017C00074:section:71
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 71
Character Range: 77655–78234

71  Liability of drawer
  Subject to subsection 17(1), section 59 and subsection 60(1), the drawer of a cheque, by drawing the cheque, undertakes:
 (a) that, on due presentment for payment, the cheque will be paid according to its tenor as drawn; and
 (b) that:
 (i) if the cheque is dishonoured when duly presented for payment; or
 (ii) if presentment of the cheque for payment is dispensed with by virtue of paragraph 59(a) or (aa) and the cheque is unpaid after its date has arrived;
  the drawer will compensate the holder or an indorser who is compelled to pay the cheque.