National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

PART 10 - COMPARISON RATES  

Division 2 - Comparison rate in credit advertising  

161   The relevant comparison rate  

161(1)    
The relevant comparison rate for the purposes of section 160 is the comparison rate calculated for whichever of the designated amounts and terms most closely represents the typical amount of credit and term initially provided by the credit provider for the consumer credit product being advertised.

161(2)    
The designated amounts and terms are the amounts and terms prescribed by a regulation for the purposes of this section.

161(3)    
The credit advertisement may contain more than one relevant comparison rate.