Determinations Under the Cheques Act 1986

The Reserve Bank may determine that a settlement system is a ‘recognised settlement system’ under Section 70A of the Cheques Act 1986. A financial institution participating in a recognised settlement system can reverse a provisional credit for a cheque deposit in the event that the institution on which the cheque is drawn cannot settle. This page provides links to current determinations and to relevant media releases.

Determinations under Section 70A: Recognised Settlement Systems Table contains details of recognised settlement systems under the Cheques Act. Cheques that are settled in such a system can be deemed dishonoured if the financial institution on which they are drawn is unable to provide the funds.
System	Current Determination	Date of Gazettal	Media Release
APCS	18 August 2004	19 August 2004	2004-07