{"id":"F2018L00211","name":"Cheques Regulations 2018","slug":"cheques-regulations-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439508,"registerId":"F2018L00211-fast-fetch-1775955510208","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Cheques Regulations 2018","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.jpeg)\n\n \n\nCheques Regulations 2018\n\nI, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.\n\nDated 02 March 2018\n\nPeter Cosgrove\n\nGovernor‑General\n\nBy His Excellency’s Command\n\nScott Morrison\n\nTreasurer\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nContents\n\nPart 1—Preliminary\n\n1 Name\n\n2 Commencement\n\n3 Authority\n\n4 Schedule 2\n\n5 Definitions\n\nPart 2—Provisions for the purposes of cheques\n\n6 FCA institutions\n\n7 Designated place—prescribed form of notice by a financial institution\n\n8 Register of notices\n\n9 Inspection of the register\n\n10 Obtaining information contained in the register\n\n11 Damages on dishonour—rate of interest\n\nPart 3—Application and transitional provisions\n\nDivision 1—Provisions relating to the commencement of this instrument\n\n12 Definitions\n\n13 Application—damages on dishonour\n\n14 Transitional—register of notices\n\n15 Transitional—things done under the old law\n\nSchedule 1—Form of notice by a financial institution specifying a place as a designated place\n\nSchedule 2—Repeals\n\nCheques Regulations 1987\n\n \n\nPart 1—Preliminary\n\n \n\n1  Name\n\n  This instrument is the Cheques Regulations 2018.\n\n2  Commencement\n\n (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.\n\n \n\n- Commencement information\n- Column 1 Column 2 Column 3\n- Provisions Commencement Date/Details\n- 1. The whole of this instrument The day after this instrument is registered. 8 March 2018\n\n\nNote: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.\n\n (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.\n\n3  Authority\n\n  This instrument is made under the Cheques Act 1986.\n\n4  Schedule 2\n\n  Each instrument that is specified in Schedule 2 to this instrument is amended or repealed as set out in the applicable items in that Schedule, and any other item in that Schedule has effect according to its terms.\n\n5  Definitions\n\nNote: A number of expressions used in this instrument are defined in the Act, including the following:\n\n(a) cheque (see section 10 of the Act);\n\n(b) dishonour (see section 69 of the Act);\n\n(c) financial institution.\n\n  In this instrument:\n\nAct means the Cheques Act 1986.\n\nPart 2—Provisions for the purposes of cheques\n\n \n\n6  FCA institutions\n\n  For the purposes of paragraph (b) of the definition of FCA institution in subsection 3(1) of the Act, the following bodies are prescribed:\n\n (a) Primac Elders Limited;\n\n (b) Wesfarmers Dalgety Limited;\n\n (c) Wesfarmers Limited.\n\n7  Designated place—prescribed form of notice by a financial institution\n\n  For the purposes of subsection 65(1) of the Act, the form set out in Schedule 1 is prescribed as the form for a notice by a financial institution to specify a place as a designated place in relation to cheques.\n\n8  Register of notices\n\n (1) For the purposes of subsection 65A(5) of the Act, the eligible authority must keep a register of the following notices:\n\n (a) notices given to the authority by financial institutions under subsection 65A(2) of the Act;\n\n (b) notices varying or revoking notices of the kind referred to in paragraph (a).\n\nNote: A notice referred to in paragraph (1)(a) is a notice given to the eligible authority by a financial institution under subsection 65A(2) of the Act specifying a place as a notified place in relation to cheques for the Act.\n\n (2) The register is to be kept in such form and manner as the eligible authority directs.\n\n9  Inspection of the register\n\n  For the purposes of paragraph 65A(5)(b) of the Act, the following persons may inspect the register of notices:\n\n (a) an employee of the eligible authority;\n\n (b) an employee of a financial institution, if the employee:\n\n (i) is required by the financial institution to inspect the register; and\n\n (ii) applies to the eligible authority to inspect the register; and\n\n (iii) shows to the eligible authority a written statement by an officer of the financial institution to the effect that the person is required by the financial institution to inspect the register.\n\nNote: No fee is payable to inspect the register.\n\n10  Obtaining information contained in the register\n\n (1) For the purposes of paragraphs 65A(5)(c) and (d) of the Act, if a person:\n\n (a) asks the eligible authority to provide information contained in the register; and\n\n (b) pays the fee determined under subsection (2) or (3);\n\nthe authority must, as soon as practicable, provide the information.\n\n (2) The fee for providing information that must be obtained from one notice in the register is $20.\n\n (3) The fee for providing information that must be obtained from more than one notice in the register is worked out using the formula:\n\n![](image.002.png)\n\n11  Damages on dishonour—rate of interest\n\n (1) For the purposes of subparagraphs 76(1)(a)(ii) and (b)(ii) of the Act, this section sets out how to work out the amount of interest that is payable, in relation to a dishonoured cheque, in accordance with this instrument.\n\n (2) Interest is payable for the period:\n\n (a) beginning on the day the cheque is dishonoured; and\n\n (b) ending on the day the sum or amount referred to in subparagraph 76(1)(a)(i) or (b)(i) of the Act is paid in full.\n\n (3) However, interest is not payable, in respect of a part payment of the sum or amount referred to in subparagraph 76(1)(a)(i) or (b)(i) of the Act, from the day on which that part payment is made.\n\n (4) The amount of interest that is payable is worked out using a rate equal to the monthly average yield of 3‑month Bank Accepted Bills and Negotiable Certificates of Deposit that was published most recently by the Reserve Bank of Australia before the day the cheque was dishonoured.\n\nPart 3—Application and transitional provisions\n\nDivision 1—Provisions relating to the commencement of this instrument\n\n12  Definitions\n\n  In this Division:\n\ncommencement day means the day this instrument commences.\n\nold law means the Cheques Regulations 1987, as in force immediately before the commencement day.\n\n13  Application—damages on dishonour\n\n  Section 11 of this instrument applies in relation to an amount of interest that is payable under subparagraph 76(1)(a)(ii) or (b)(ii) of the Act on or after the commencement day (whether the period in relation to which interest is payable begins before, on or after the commencement day).\n\n14  Transitional—register of notices\n\n  A register kept under regulation 6 of the old law immediately before the commencement day is taken on and after that day to be kept under section 8 of this instrument.\n\n15  Transitional—things done under the old law\n\n (1) For the purposes of this instrument, subject to sections 13 and 14, if:\n\n (a) a thing was done for a particular purpose under the old law; and\n\n (b) the thing could be done for that purpose under this instrument;\n\nthe thing has effect as if it had been done under this instrument for that purpose.\n\n (2) Without limiting subsection (1), a reference in that subsection to a thing being done includes a reference to a notice, application or other instrument being given or made.\n\nSchedule 1—Form of notice by a financial institution specifying a place as a designated place\n\nNote: See section 7.\n\n  \n\n \n\n (Prepare a separate notice for each designated place)\n\n(insert full name of financial institution giving the notice) specifies:\n\n (a) (insert address of the place to be designated, not being the address of a post office box or bag) as a designated place for the purposes of (insert any one or more of ‘subsection 62(1)’ or ‘subsection 62(9)’ as the case requires) of the Cheques Act 1986 in relation to the following classes of cheques:\n\n  (identify each of those classes with reasonable certainty);\n\n (b) (identify the days and the hours of each of those days) as the times when the financial institution will be open for business at that designated place; and\n\n (c) (identify the means) as the means by which communications may be made to the financial institution at that designated place.\n\nTHIS NOTICE has effect on and from (insert ‘the day on which it is published in the Gazette’ or, if this notice is to have effect on a later date, insert that date).\n\nPublication of this notice was authorised by (insert full name and designation of an officer of the financial institution giving the notice who is authorised by the financial institution to authorise publication of this notice—the officer’s signature is not required) on              (date).\n\nSchedule 2—Repeals\n\n \n\nCheques Regulations 1987\n\n1  The whole of the instrument\n\nRepeal the instrument.\n\n \n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This is a straightforward remake of the Cheques Regulations 1987. The 2018 version maintains the same scope — administrative provisions supporting the Cheques Act 1986. The only substantive changes appear to be updating the interest rate calculation mechanism and modernising the legislative instrument format. It has not expanded beyond its original purpose of supporting cheque processing administration."},"complexity_factors":["Short length (15 sections plus 2 schedules)","Minimal defined terms (only 3 specific definitions in the instrument itself, plus references to Act definitions)","Simple conditional logic (basic transitional provisions in sections 13-15)","Single cross-reference dependency (relies heavily on the Cheques Act 1986 for substantive definitions)","Straightforward fee calculation (simple formula in section 10(3) with visual representation)","Prescriptive form in Schedule 1 uses plain English fill-in-the-blank format"],"plain_english_summary":"This instrument updates administrative rules for handling cheques in Australia: it sets the interest rate for actions on dishonoured cheques (tied to the RBA 3‑month bank bill rate), creates and governs a register of designated cheque‑processing places (with inspection and fee rules), prescribes the notification form, names certain companies as FCA institutions, and transitions existing 1987 arrangements into the new 2018 regime. It affects banks, cheque users, and the authority maintaining the register."},"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":true,"description":"This instrument repeals the Cheques Regulations 1987 and replaces them with updated procedures: it prescribes specific companies as FCA institutions, standardises the form for designation notices, mandates a register held by an eligible authority with an associated fee schedule, and sets a new method for calculating interest on dishonoured cheques. Transitional clauses carry over existing registers and actions, but the administrative and fee framework is materially updated."},"complexity_factors":["Cross-references to definitions and obligations in the Cheques Act 1986 rather than self-contained rules","Prescriptive and procedural mix: named corporate entities are prescribed alongside administrative requirements","Eligible authority has discretion to determine the register’s form and manner, creating implementation variability","Fee regime includes a flat fee per notice and a separate formula for multiple notices (technical calculation)","Interest rate calculation depends on an externally published, variable RBA yield rather than a fixed statutory rate","Transitional provisions and full repeal of the prior regulations require mapping old records and actions to the new regime"],"plain_english_summary":"This instrument updates procedural rules for cheques: it names particular companies as FCA institutions; prescribes a standard notice form for financial institutions to nominate designated places; requires an eligible authority to keep a register of those notices; sets fees for obtaining register information; and fixes the interest rate for damages on dishonour to the most recently published monthly average yield of 3‑month Bank Accepted Bills and Negotiable Certificates of Deposit. Financial institutions must give notices; users requesting register extracts pay set fees; the eligible authority controls register form, inspection and information release; interest runs from dishonour until full payment."}},"importantCases":[],"_links":{"self":"/api/acts/cheques-regulations-2018","history":"/api/acts/cheques-regulations-2018/history","analysis":"/api/acts/cheques-regulations-2018/analysis","conflicts":"/api/acts/cheques-regulations-2018/conflicts","importantCases":"/api/acts/cheques-regulations-2018/important-cases","documents":"/api/acts/cheques-regulations-2018/documents"}}