75Cheques and deposit accounts

#### 75 Cheques and deposit accounts 75 Cheques and deposit accounts > > (1) In this section— > > > > cheque has the same meaning as in the [Cheques and Payment Orders Act 1986](http://www.legislation.gov.au/) of the Commonwealth, but does not include a traveller’s cheque or a cheque that is undated or post-dated. > > > > related casino operator means a casino operator in another State or Territory that is related (within the meaning of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth) to a casino operator under this Act. > > > (2) A person may establish with a casino operator a deposit account to which is to be credited the amount of any deposit to the account comprising— > > > > > (a) money, or > > > > > (b) a cheque payable to the operator, or > > > > > (c) a traveller’s cheque. > > > (3) A casino operator may debit to a deposit account established with the casino operator or with a related casino operator an amount to the value of chip purchase vouchers issued to, money paid to or a cheque made payable to the account holder by the casino operator, but not so as to cause the account to be overdrawn at any time. > > > (4) A casino operator may, in exchange for a cheque payable to the operator or a traveller’s cheque, issue to a person chip purchase vouchers of a value equivalent to the amount of the cheque or traveller’s cheque. > > > (5) A cheque accepted by a casino operator may, by agreement with the operator, be redeemed in exchange for the equivalent in value to the amount of the cheque of any one or more of the following— > > > > > (a) money, > > > > > (b) a cheque payable to the operator, > > > > > (c) chip purchase vouchers, > > > > > (d) chips. > > > (5A) For the purposes only of subsection (5), electronic funds transfer of an amount to an account operated by the casino operator is taken to be payment of that amount in money to the operator. > > > (6) It is a condition of a casino licence that the casino operator— > > > > > (a) (Repealed) > > > > > (b) must bank a cheque accepted by the operator under this section within the period of time required by subsection (6A), > > > > > (c) must not agree to the redemption of a cheque accepted by the operator for the purpose of avoiding compliance with paragraph (b). > > > (6A) A cheque must be banked— > > > > > (a) within 30 working days after it is accepted, if the cheque is drawn on an account maintained at a branch of the drawee bank that is located outside Australia or an external Territory, or > > > > > (b) within 10 working days after it is accepted, if the cheque is for $5,000 or more and is drawn on an account maintained at a branch of the drawee bank that is located in Australia or an external Territory, or > > > > > (c) within 1 working day after it is accepted, in any other case. > > > (7) Section 56 of the [Unlawful Gambling Act 1998](/view/html/inforce/current/act-1998-113) does not apply to prevent an action being brought to recover money on a cheque or other instrument given in payment for chip purchase vouchers, or a credit to a deposit account, under this section. > > **s 75:** Am 1996 No 10, Sch 1 \[1\]–\[4\]; 1998 No 113, Sch 2.3 \[2\]; 2009 No 48, Sch 1 \[12\]; 2018 No 8, Sch 1 \[30\]–\[33\].