Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.1.07B

                   For paragraph 765A(1)(y) of the Act, a bank draft, including (but not limited to):

                     (a)  a cheque drawn by a financial institution on itself; or

                     (b)  a cheque drawn by a financial institution on a financial institution other than itself;

is not a financial product.