Sch 1 (National Credit Code), s 163
In forceWarning about comparison rate
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-7AProduct intervention orders
Division 2Product intervention orders
163 Warning about comparison rate
(1)
A comparison rate in a credit advertisement must be accompanied by a warning about the accuracy of the comparison rate that is prescribed by a regulation.
(2)
The warning may be given in conjunction with the basis on which the comparison rate is calculated, that is, that the comparison rate is accurate only for the specified amount of credit and specified term.
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