Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The transfer of a cheque by negotiation is the transfer of the cheque from the holder to another person in such manner as to constitute the other person the holder.
(2) A cheque payable to order is transferred by negotiation if:
(a) it is indorsed by the holder; and
(b) the cheque is delivered so as to complete the contract arising out of the indorsement.
(3) A cheque payable to bearer is transferred by negotiation if
it is delivered by the holder to another person (whether or not the cheque is
indorsed by the holder).