The exposure draft of the Cheques Regulations 2017 remakes the Cheques Regulations 1987 (the Regulations), which is due to sunset on 1 April 2018.
The exposure draft proposes design changes to the Regulations to remove redundant provisions that have no effect, use language more consistent with the Act, for example, referring to 'registered bodies' rather than 'registered corporations', and simplifying provisions reflecting contextual changes to align with current drafting practices such as referring to ‘sections’ rather than ‘regulations’. These changes are not intended to alter the substantive meaning or operations of the relevant provisions. Further details on the Regulations are contained in the Explanatory Statement.
The community’s views are sought on the proposed Cheques Regulations 2017.