All cheques are bills of exchange, but all bills of exchange are not cheques

Section 6 defines a cheque as a bill drawn on a specified banker and payable on demand. A bill of exchange under section 5 need not satisfy those additional requirements. Thus every cheque is a bill, but every bill is not a cheque.

Current law: The 2015 amendment changed the definition of a cheque in electronic form in section 6 Explanation I(a), but did not change this relationship between cheques and bills of exchange.