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 1 - Preliminary  

159  

159   Definitions  
In this Part:

consumer credit product
means any form of facility for the provision of credit (other than under a continuing credit contract) provided to debtors by a credit provider.

credit advertisement
means an advertisement in any form or medium that states or implies that credit is available, but (for the avoidance of doubt) does not include:


(a) notices or other documents required or authorised to be given under this Code; or


(b) a publication that only lists reference rates.

name
, of a consumer credit product, means the usual name or description by which the credit provider describes or advertises the product.

 

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