CORPORATIONS REGULATIONS 2001 - REG 7.1.07B Specific things that are not financial products: bank drafts
CORPORATIONS REGULATIONS 2001 - REG 7.1.07B
Specific things that are not financial products: bank draftsFor paragraph 765A(1)(y) of the Act, a bank draft, including (but not limited to):
(a) a cheque drawn by a financial institution on itself; or
(b) a cheque drawn by a financial institution on a financial institution other than itself;
is not a financial product.