68Receipt in instrument or endorsed authority for payment

68 Receipt in instrument or endorsed authority for payment (1) If a banker, a legal practitioner or a conveyancing agent produces: (a) an instrument that has in the body of it or endorsed on it a receipt for consideration money or other consideration and that is executed, or the endorsed receipt is signed, by the person entitled to give a receipt for that consideration; or (b) a duly executed instrument in respect of registered land, the instrument is sufficient authority to the person liable to pay or give the consideration or land for the person's paying or giving the consideration or land to the banker, legal practitioner or conveyancing agent without the banker, legal practitioner or conveyancing agent producing any separate or other direction or authority in that behalf from the person who executed or signed the instrument or receipt. (2) In this section: bank includes an ADI, the Chief Executive Officer (Housing) established by the Housing Act 1982 and any other prescribed person. banker means a person acting in the person's official capacity as a general manager or manager of a bank and includes an agent of the banker. conveyancing agent includes an agent of the conveyancing agent. instrument includes a discharge of mortgage. legal practitioner includes an agent of the legal practitioner.