Queensland Consolidated Acts

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Receipt in instrument or endorsed authority for payment

66 Receipt in instrument or endorsed authority for payment

(1) If a financial institution manager, a solicitor or a conveyancer produces an instrument, having in the body of the instrument or endorsed on the instrument a receipt for consideration money or other consideration, the instrument being executed, or the endorsed receipt being signed, by the person entitled to give a receipt for that consideration, or produces a duly executed instrument in respect of registered land, the instrument shall be a sufficient authority to the person liable to pay or give the same for the person’s paying or giving the same to the financial institution manager, solicitor, or conveyancer without the financial institution manager, solicitor or conveyancer producing any separate or other direction or authority in that behalf from the person who executed or signed the receipt or instrument.
(2) In this section—

"conveyancer" includes the agent of the conveyancer.

"financial institution manager" means the person performing the function of general manager or manager of a financial institution, and includes an agent of the financial institution manager.

"instrument" includes a discharge of mortgage.

"solicitor" includes the agent of the solicitor.

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