Commonwealth Consolidated Acts

CHEQUES ACT 1986 - SECT 41

             (1)  An indorsement of a cheque is not effective to transfer the cheque by negotiation unless:

                     (a)  the indorsement is written or placed on the cheque and signed by the indorser; and

                     (b)  the indorsement is an indorsement of the entire cheque.

             (2)  An indorsement written or placed on an allonge to a cheque shall be taken to be written or placed, as the case may be, on the cheque.

             (3)  A mere signature on a cheque is, in point of form, sufficient for an indorsement of the cheque.

             (4)  Without limiting the generality of paragraph (1)(b), an indorsement of a cheque that purports to transfer a part only of the sum ordered to be paid by the cheque is not effective to transfer the cheque by negotiation.