The Bills of Exchange Act governs the rights and obligations of parties to two types of negotiable instruments - bills of exchange and promissory notes - and is essentially a codification of the common law relating to these financial instruments. The Bills of Exchange Act also applies to cheques drawn before 1 July 1987. Cheques issued since that date are governed by the Cheques Act 1986. Legislation, Standards and Codes may be linked to one or more of the University's compliance frameworks either as the driver of the requirements, or as a component of the framework. The relevant frameworks are listed below.Bills of Exchange Act 1909 (Cth) - Level 5
Relevant Compliance Frameworks
Summary