7.9.61C
CurrentCheques
Chapter 7Financial services and markets
Part 7.9Financial product disclosure and other provisions relating to issue and sale of financial products
Division 5ADealing with money received for financial product before the product is issued
7.9.61C Cheques
For paragraph 1020G(1)(c) of the Act, Part 7.9 applies as if section 1017E of the Act were modified by adding, after subsection 1017E(6):
‘(7) For this section, if a payment is made by cheque, the payment is taken to have been paid to, and received by, the product provider when the cheque is honoured.’.
This Act’s bill:Explanatory statement
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