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National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 10 - COMPARISON RATES  

Division 2 - Comparison rate in credit advertising  

160   Comparison rate mandatory in advertisements containing annual percentage rate  

160(1)    
A credit advertisement must contain the relevant comparison rate in accordance with this Part if it contains an annual percentage rate.

160(2)    
A credit advertisement may contain the relevant comparison rate in accordance with this Part even if it does not contain an annual percentage rate.

Note:

Section 150(1) makes it an offence (penalty - 100 penalty units) if a person publishes a credit advertisement that does not comply with this Division.

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