Commonwealth Consolidated Acts

CHEQUES ACT 1986 - SECT 45

                   Where an indorsement of a cheque purports to be conditional:

                     (a)  the indorsement is effective as an indorsement of the cheque, whether or not the condition is fulfilled;

                     (b)  a person paying the cheque may disregard the condition and may pay the cheque to the indorsee or a subsequent holder, whether or not the condition is fulfilled; and

                     (c)  the fact that the indorsement purports to be conditional shall be disregarded for the purpose of determining whether the holder is a holder in due course.