Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The object of this section is to identify notified places for the purposes of the rules about internal presentment of cheques by financial institutions.
(2) A financial institution may, by written notice, specify a place as a notified place in relation to cheques for the purposes of this Act. The notice must be given to the eligible authority.
Note: Subsection ( 6) defines eligible authority .
(3) The notice must specify:
(a) one or more of the following, namely:
(i) the cheques in relation to which the place is to be a notified place for the purposes of subsection 62A(1);
(ii) the cheques in relation to which the place is to be a notified place for the purposes of subsection 62A(3);
(iii) the cheques in relation to which the place is to be a notified place for the purposes of subsection 62A(4); and
(b) the days on which, and the hours during which, the financial institution will be open for business at the place.
(3A) The place is a notified place in relation to particular cheques for the purposes of subsection 62A(1), (3) or (4) if the notice specifies that the place is a notified place in relation to the cheques for the purposes of that subsection.
(4) If the notice is varied or revoked, the notice of variation or revocation must specify a day as the day on which the variation or revocation takes effect. The specified day must not be earlier than 30 days after the notice of variation or revocation is given to the eligible authority.
(5) The regulations may make provision for and in relation to the keeping of a register of notices under this section by the eligible authority. In particular, the regulations may make provision for:
(a) the register to be kept in such form and manner as the eligible authority directs; and
(b) persons to inspect the register; and
(c) persons to obtain information contained in the register; and
(d) fees to be charged by the eligible authority for such an inspection or for providing such information.
(6) In this section:
"eligible authority" means:
(a) Australian Payments Clearing Association Limited; or
(b) if another person is approved in writing by the Minister for the purposes of this section--that other person.