Commonwealth Consolidated Acts Commonwealth Consolidated ActsSubject to the provisions of this Act, when a bill has been dishonoured by non - acceptance or by non - payment, notice of dishonour must be given to the drawer and each indorser, and any drawer or indorser to whom such notice is not given is discharged:
Provided that:
(a) where a bill is dishonoured by non - acceptance, and notice of dishonour is not given, the rights of a holder in due course, subsequent to the omission, shall not be prejudiced by the omission; and
(b) where a bill is dishonoured by non - acceptance, and due notice of dishonour is given, it shall not be necessary to give notice of a subsequent dishonour by non - payment, unless the bill has in the meantime been accepted.