National Consumer Credit Protection Act 2009
SCHEDULE 1
-
NATIONAL CREDIT CODE
A regulation may make provision about the way in which comparison rates are to be calculated for the purposes of this Part.
166(2)
For the purposes of calculating the relevant comparison rate, credit fees or charges are not ascertainable and need not be included in the calculation if their imposition or amount is dependent on events that may or may not happen (unless a regulation under this section otherwise provides).
Note:
See section 3 of the National Credit Act.
PART 10 - COMPARISON RATES Division 4 - Miscellaneous 166 Calculation of comparison rates 166(1)A regulation may make provision about the way in which comparison rates are to be calculated for the purposes of this Part.
166(2)
For the purposes of calculating the relevant comparison rate, credit fees or charges are not ascertainable and need not be included in the calculation if their imposition or amount is dependent on events that may or may not happen (unless a regulation under this section otherwise provides).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.