Commonwealth Consolidated Acts

CHEQUES ACT 1986 - SECT 17

             (1)  The drawer of a cheque may, by an express stipulation written on the cheque, waive, as regards the drawer, the right to presentment of the cheque.

             (2)  An indorser of a cheque may, by an express stipulation written on the cheque:

                     (a)  negative or limit the indorser's liability on the cheque; or

                     (b)  waive, as regards the indorser, the right to presentment of the cheque.

             (3)  A stipulation written on a cheque, being a stipulation of the kind referred to in subsection (1), shall not be taken to affect the rights, duties and liabilities of the drawer and the drawee institution in relation to one another.