Sch 1 (National Credit Code), s 160
In forceComparison rate mandatory in advertisements containing annual percentage rate
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-7AProduct intervention orders
Division 2Product intervention orders
160 Comparison rate mandatory in advertisements containing annual percentage rate
(1)
A credit advertisement must contain the relevant comparison rate in accordance with this Part if it contains an annual percentage rate.
(2)
A credit advertisement may contain the relevant comparison rate in accordance with this Part even if it does not contain an annual percentage rate.
Note:
Section 150(1) makes it an offence (penalty—100 penalty units) if a person publishes a credit advertisement that does not comply with this Division.
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