Commonwealth Consolidated Acts

CHEQUES ACT 1986 - SECT 96

    Where:

  (a)   the payee of a cheque payable to order, without indorsing the cheque, lodges the cheque with a financial institution (the collecting institution ) for collection for the payee; and

  (b)   the collecting institution gives value for, or has a lien on, the cheque;

the collecting institution has such rights (if any) as it would have had if, before the lodgment of the cheque with it, the payee had indorsed the cheque in blank.