National Consumer Credit Protection Act 2009
Note:
See section 3 of the National Credit Act.
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.
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