Green’s Dictionary of Slang

(Aus.) a ‘bouncing’ cheque, which is not honoured and is ‘returned to drawer’.

1951		E. Hill Territory 237: He had a notice put in the Northern Territory Times: old hands still welcome at the Depot but [...] boomerang cheque artists take another track.
1962		T. Ronan Deep of Sky 48: Having acquired the science of writing his signature, Alby soon devoted his knowledge to the signing of cheques. His life then became one boomerang cheque after another.