Determinations Under the Cheques Act 1986
The Reserve Bank may determine that a settlement system is a ‘recognised settlement system’ under Section 70A of the Cheques Act 1986. A financial institution participating in a recognised settlement system can reverse a provisional credit for a cheque deposit in the event that the institution on which the cheque is drawn cannot settle. This page provides links to current determinations and to relevant media releases.
|System||Current Determination||Date of Gazettal||Media Release|
|APCS||18 August 2004||19 August 2004||2004-07|