Federal Register of Legislation - Australian Government

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Cheques Act 1986 - Determination No. 1 of 2004

Authoritative Version
No. 1 of 2004 Determinations/Other as made
This Determination provides that the Australian Paper Clearing System (APCS) is a 'recognised settlement system' under the Cheques Act 1986.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 14
Registered 16 May 2007
Tabling HistoryDate
Tabled Senate30-Aug-2004
Tabled HR16-Nov-2004
Gazetted 19 Aug 2004


DETERMINATION under the CHEQUES ACT 1986

Determination No 1 of 2004

 

 

The RESERVE BANK OF AUSTRALIA makes the following determination under section 70A(4) of the Cheques Act 1986:

1.      The Australian Paper Clearing System (APCS) is hereby determined to be a recognised settlement system in terms of the Cheques Act.

2.      This approval is a disallowable instrument under section 46A of the Acts Interpretation Act 1901 and, accordingly, is being tabled before each House of the Commonwealth Parliament.

3.      Subject to disallowance, this determination will take effect from the date of notification in the Gazette.

4.      This determination may be reviewed from time to time.

 

Signed

IJ Macfarlane
Governor
Reserve Bank of Australia

18 August 2004