Inland and foreign bills

Current

(1)

An inland bill is a bill which is, or on the face of it purports to be:

(a)

both drawn and payable within Australasia; or

(b)

drawn within Australasia upon some person resident therein.

Any other bill is a foreign bill.

(2)

Unless the contrary appear on the face of the bill, the holder may treat it as an inland bill.

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