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RESERVE BANK OF AUSTRALIA

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.

Determinations under Section 70A: Recognised Settlement Systems
System Current Determination Date of Gazettal Media Release
APCS 18 August 2004 19 August 2004 2004-07