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Rules of Practice 1994 (S.R. 1994, No. 229)
Requested:  25 May 2017
Consolidated as at:  17 Mar 2006

41. Money in transit

A firm that receives money from another person with instructions to pay or endorse and deliver it to a third person must comply with those instructions –

(a) before the end of the next banking day or as soon as practicable after the next banking day; or

(b) no later than the day authorized by the person from whom the money was received, if that day is later than the next banking day.


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