The Laws of Fiji
Search
Last Updated: 1 December 2016
AN ACT TO CONFER POWERS, AND IMPOSE DUTIES AND RESTRICTIONS, IN RELATION TO GOLD, CURRENCY, PAYMENTS, SECURITIES, DEBTS, AND THE IMPORT, EXPORT, TRANSFER AND SETTLEMENT OF PROPERTY, AND FOR PURPOSES CONNECTED WITH THE MATTERS AFORESAID
[EXC 6] Travellers’ cheques etc6
6
(2) For the purposes of this Act, the person issuing a document to which this section applies, and the person to whom it is issued, shall be deemed respectively to sell and buy foreign currency and, where foreign currency is obtained by means of the document, to sell and buy that foreign currency.
(3) Any such document not expressed in terms of Fijian currency shall, if it is of a kind intended to enable the person to whom it is issued to obtain any specified currency, be treated also for the purposes of this Act as itself being specified currency.
[subs (3) am Act 24 of 1979 s 5, effective 1 February 1980]
(4) Every person in or resident in Fiji who holds or to whose order there is held any document to which this section applies, being a document expressed in terms of Fijian curreny, shall encash it or cause it to be encashed in Fiji with the person issuing it or with a banker, unless the Minister consents to his or her retention and use thereof and, where in his or her application for that consent he or she has stated that he or she requires it for a particular purpose, unless also he or she still requires it for that purpose.
[subs (4) am LN 112 of 1970 O 139, effective 8 October 1970; Act 24 of 1979 s 5, effective 1 February 1980]
(5) A person who acquires any document to which subsection (4) applies from an authorised dealer shall be treated, for the purposes of that subsection, as if the Minister had consented to the retention and use by him or her of that document (subject, however, to any conditions notified to him or her in accordance with section 3(2)), and as if any statement made by him or her in an application for that document as to the purpose for which he or she requires it had been made by him or her in an application for the Minister's consent to his or her retention and use thereof.
[subs (5) am LN 112 of 1970 O 139, effective 8 October 1970; Act 24 of 1979 s 5, effective 1 February 1980]