Consideration expressed in instrument authority for payment, etc.
65A.—(1)  Where, before 1 August 2011, a solicitor produces an instrument as defined in the Land Titles Act 1993 in which consideration is expressed and which has been executed by the person in whose favour the consideration is payable or has been paid or is partly payable and partly paid, that instrument shall be sufficient authority to the person who is liable to pay or give the consideration for his paying or giving the consideration to the solicitor, without the solicitor producing any separate or other direction or authority in that behalf from the person who executed or signed the instrument.
[17/2011]
(2)  Where, on or after 1 August 2011, a solicitor produces an instrument as defined in the Land Titles Act 1993 in which consideration is expressed and which has been executed by the person in whose favour the consideration is payable or has been paid or is partly payable and partly paid, that instrument shall be sufficient authority to the person who is liable to pay or give the consideration —
(a)if the consideration is in the form of money — for his tendering to the solicitor any cashiers’ orders, cheques or other similar physical payment instruments pertaining to the payment of the consideration; or
(b)if the consideration is in any other form — for his giving the consideration to the solicitor,
without the solicitor producing any separate or other direction or authority in that behalf from the person who executed or signed the instrument.
[17/2011]