Never forward date a cheque
Reply: 3.1.1.2.1.1.2
From: Paul Zagoridis
Basically banks can and do cash cheques with forward dates. The laws relating to banking covers them.
I learned this the hard way when a supplier presented $25K worth of forward-dated cheques one December 28. There went...
Reply: 3.1.1.1
From: Paul Zagoridis
Hey Dale!
I'd try to argue a deposit bond is a separate transaction concluded on settlement.
Once settlement occurs the liability of the bond company is concluded.
Of course the ATO may already have a view on this.
And my ramblings on this issue are...
