Other requirements for comparison rate
164 Other requirements for comparison rate
A comparison rate in any credit advertisement must be identified as a comparison rate.
A comparison rate in any credit advertisement must not be less prominent than:
any annual percentage rate stated in the advertisement; and
the amount of any repayment stated in the advertisement.
The following applies to credit advertisements on television, the internet or other electronic display medium:
if the annual percentage rate is in spoken form and not displayed on the screen in text, the comparison rate must also be in spoken form;
if the annual percentage rate is displayed on the screen in text, the comparison rate must also be displayed on the screen in text and may be in spoken form;
if the comparison rate is in spoken form, the warning and other information may be either in spoken form or displayed on the screen in text;
if the comparison rate is displayed on the screen in text, the warning and other information must also be displayed on the screen in text.
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