sec.13Payments by cheque

sec.13 Payments by cheque

This section applies if the principal agent draws a cheque against a trust account kept by the principal agent under the Act . The principal agent must ensure the following particulars are written on the cheque butt or another document— the date the cheque is drawn; the name of the person to whom the cheque is payable; the name of the person on whose behalf the cheque is drawn; a brief description of the matter for which the cheque is drawn; the amount for which the cheque is drawn. Maximum penalty—10 penalty units. A principal agent must keep each cheque butt or other document containing the particulars mentioned in subsection (2) in the principal agent’s records. a cheque requisition form Maximum penalty—10 penalty units. (sec.13-ssec.1) This section applies if the principal agent draws a cheque against a trust account kept by the principal agent under the Act . (sec.13-ssec.2) The principal agent must ensure the following particulars are written on the cheque butt or another document— the date the cheque is drawn; the name of the person to whom the cheque is payable; the name of the person on whose behalf the cheque is drawn; a brief description of the matter for which the cheque is drawn; the amount for which the cheque is drawn. Maximum penalty—10 penalty units. (sec.13-ssec.3) A principal agent must keep each cheque butt or other document containing the particulars mentioned in subsection (2) in the principal agent’s records. a cheque requisition form Maximum penalty—10 penalty units.

• (a) the date the cheque is drawn;
• (b) the name of the person to whom the cheque is payable;
• (c) the name of the person on whose behalf the cheque is drawn;
• (d) a brief description of the matter for which the cheque is drawn;
• (e) the amount for which the cheque is drawn.