Sch 1 (National Credit Code), s 161
In forceThe relevant comparison rate
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-7AProduct intervention orders
Division 2Product intervention orders
161 The relevant comparison rate
(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.
(2)
The designated amounts and terms are the amounts and terms prescribed by a regulation for the purposes of this section.
(3)
The credit advertisement may contain more than one relevant comparison rate.
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