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Commonwealth Consolidated Acts

Find additional information here that supports all the information utilised in our forms:

Australia Bills of Exchange

Bill of exchange defined

  1. A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person, or to bearer.
  2. An instrument which does not comply with these conditions, or which orders any act to be done in addition to the payment of money, is not a bill of exchange.
  3. An order to pay out of a particular fund is not unconditional within the meaning of this section; but an unqualified order to pay, coupled with:
    1.  an indication of a particular fund out of which the drawee is to re-imburse himself or herself, or a particular account to be debited with the amount; or
    2. a statement of the transaction which gives rise to the bill; is unconditional.
  4. A bill is not invalid by reason:
    1. that it is not dated;
    2. that it does not specify the value given, or that any value has been given therefor; or
    3. that it does not specify the place where it is drawn, or the place where it is payable.
Video explaining BoE
AG review of BoE Act, July 2003
BANKING ACT 1959 - SECT 39 Power to make regulations
TAXATION ADMINISTRATION ACT 1953 - SECT 8J Interpretation
A NEW TAX SYSTEM (GST) ACT 1999 - SECT 195.1 Dictionary

More forms in the category "Bill of Exchange (BoE)"

BoE Acceptance Cover Letter 1 – No Bill to Return to Sender

Use this form to send to biller where there is no bill to accompany it. Acts as an extra reply letter where there is no bill and a reply is required to rebut the billers threatening letter. You can use this as an additional rebuttal letter between each step of the BoE...

BoE Future Express Trust Contract Offers (For RRdJ Members)

This is an Express Trust Contract Offer to discharge the positive due amount as shown. You direct them to settle and discharge all due amounts by accepting the endorsed Bill of Exchange Endorsement, delivered and Accepted as per Terms & Conditions of Bills of...

BoE Rejection Letter 2 – Notice of Default & Opportunity to Cure

Use this Letter as step two after you have sent a Cover Letter / conditional acceptance. The purpose of this notice is to ensure that the biller has not performed their fiduciary duties accordingly.How to use this form Kindly complete the form below, adhering closely...

BoE Rejection Letter 4 – Notice of Pending Law Suit

Use this letter if the previous 3 letters did not have an effect and GovCorp is still persisiting with pushback (not accepting your Bill of Exchange). Be ready to take the step of making a statement of claim, tort suit, civil claim for damages under trespass common...

BoE Rejection Letter 6 – Rejection Letter to Biller

Michael description pleaseHow to use this form Kindly complete the form below, adhering closely to the instructions provided for each field to ensure accuracy. Once finished, submit it, and you will receive an email with a PDF attachment containing the completed form....

Cover Page for Bill of Exchange

BILLS OF EXCHANGE ACT 1909 - SECT 68 Cancellation Where a bill is intentionally cancelled by the holder or his or her agent, and the cancellation is apparent thereon, the bill is discharged. In like manner any party liable on a bill may be discharged by the...

Abatement Prosecutor: Decline offers to contract