Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.9.61C

    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.'.