Commonwealth Consolidated Acts

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CHEQUES ACT 1986 - SECT 12

Unconditional order to pay

  (1)   An order to pay on a contingency is not an unconditional order to pay and the happening of the event does not make the order an unconditional order to pay.

  (2)   An order to pay shall not be taken not to be an unconditional order to pay by reason only that the order is coupled with either or both of the following:

  (a)   an indication of a particular account to be debited by the financial institution to which the order is addressed;

  (b)   a statement of the transaction giving rise to the order.



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