Barrister AI
All legislation
COMMONWEALTHAct
In force
This is the latest official compilation.Check the official source →
Sch 1 (National Credit Code), s 159

Definitions

In force
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-7AProduct intervention orders
Division 2Product intervention orders

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 or a low cost 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.

Research tools for this sectionSubscription

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.