"Since the cheque has bounced back, my only other options are to pay by Bpay or send another cheque out today by Express post. If i do either of the above, will it reach Computershare WA by 5pm WST."
Express post is guaranteed next day delivery to capital cities.
Also, once it's postmarked as in the mail the recipient is required to accept it as if received on the postmarked date, because you cannot guarantee how long the post will take.
I'd express post it myself, along with a fax to show the details of your account, the cheque and a nice note saying it's int the mail.
Good luck,
Karl
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