3 Nov 2008
WESTPAC BANKING CORPORATION AND ORS V COMMISSIONER OF INLAND REVENUE HC WN CIV 2006-485-2448
- Citation
- openlaw-a8c68cb6_ede7_498e_b621_db7c74b673ee.pdf
- Court
- High Court
The Privy Council in Thomas Cook is binding and dispositive: bank cheques and foreign currency drafts that have been issued and delivered (or delivery is presumed) give rise to an obligation such that the sums are 'payable' for the purposes of s 4(1)(e) of the UMA from date of issue; summary judgment entered for the Commissioner on the claimed causes of action accordingly.