Commonwealth Consolidated Acts Commonwealth Consolidated ActsA holder of a cheque (whether or not the holder took the cheque for value) who:
(a) derives title to the cheque through a holder in due course; and
(b) is not a party to any fraud, duress or illegality affecting the cheque;
has, as regards the drawer and the indorsers prior to the holder in due course, all the rights of the holder in due course.