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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 drafts

    For 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.

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