[2] The main statutory defences for the paying bank are found in the Cheques and Payment Orders Act 1986, s. 92 (Payment of a crossed cheque in good faith and without negligence); s. 94 (forged or unauthorised indorsements). Apart from the rules discussed in the text, the main common law defences for the paying bank are the Greenwood rule and the Macmillan rule: Greenwood v. Martins Bank Ltd [1933] A. C. 51, London Joint Stock Bank v. Macmillan and Arthur [1918] A. C. 777. Macmillan was not followed in Australia until 1981: Commonwealth Trading Bank of Australia v. Sydney Widt Stores Pty. Ltd. (1981) 55 A. L. J. R. 358.
[3] Southland Savings Bank v. Anderson [1974] 1 N.Z.L.R. 118; Commercial Bank of Australia v. Younis [1979] 1 N.S.W.L.R. 444; Barclays Bank Ltd v. W. J. Simms & Cooke (Southern) Ltd. [1980] 1 Q. B. 677; Bank of New South Wales v. Murphett [1983] V. R. 489.
[4] [1928] 1 K. B. 48; Re Cleadon Trust [1939] Ch. 286; Shapera v. Toronto Dominion Bank (1970) 17 D. L. R. (3d) 122; Royal Bank of Canada v. Huber (1971) 23 D. L. R. (3d) 209.
5 [1980] 1 Q. B. 677.
6 per Wright J. at page 59.
[7] Goode, R. "The Bank's Right to Recover Money Paid on a Stopped Cheque" (1981) 97 L.Q.R. 254.
8 [1983] V. R. 489.
[9] See the judgment of Starke J. at page 493.
[10] Ellinger, E. P., and Lee, C. Y., "The 'Liggett' Defence: a banker's last resort" [1984] 1 L.M.C.L.Q. 459.