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Abolition of Payment by Cheque Act, 2022
Act 16 of 2022
- Published in Government Gazette no. 7995 on 30 December 2022
- Assented to on 29 November 2022
- Commenced on 15 March 2023 by Government Notice of 2023
- [This is the version of this document from 30 December 2022.]
1. Definitions
In this Act unless the context indicates otherwise—"Bank" means the Bank of Namibia referred to in section 2 of the Bank of Namibia Act, 2020 (Act No. 1 of 2020);"cheque" means a document that instructs a financial institution of a payer to debit the payer’s account for a specified amount and either to transfer the value of that amount to a payee’s account for the credit of that payee’s account or to pay out cash;"effective date" means the date determined by the Minister under section 8;"Minister" means the Minister responsible for finance;"national payment system" means the national payment system as defined in section 1 of the Payment System Management Act;"payment instrument" means a payment instrument as defined in section 1 of the Payment System Management Act;"Payment System Management Act" means the Payment System Management Act, 2003 (Act No. 18 of 2003); and"this Act" includes any determination, directive or other subordinate measure made or issued under any provision of this Act.2. Abolition of cheques as method of payment
3. Determinations and directives
4. Offences and penalties
As from the effective date, a person who—5. Amendment or repeal of laws
The laws set out in the Schedule are amended or repealed to the extent set out in that Schedule and, unless the context otherwise indicates—6. Savings and transitional provisions
7. Act binds State
This Act binds the State.8. Short title and commencement
History of this document
15 March 2023
Commences.
30 December 2022 this version
Published in
Government Gazette number 7995
29 November 2022
Assented to.
Cited documents 40
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