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National Consumer Credit Protection Act 2009

National Consumer Credit Protection Act 2009

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an Australian legislation
an Australian legislation

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Published by: LEX-57 the lex engine on May 09, 2010
Copyright:Attribution Non-commercial


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(1)A regulation may make provision about the way in which
comparison rates are to be calculated for the purposes of this Part.

(2)For the purposes of calculating the relevant comparison rate, credit
fees or charges are not ascertainable and need not be included in
the calculation if their imposition or amount is dependent on events
that may or may not happen (unless a regulation under this section
otherwise provides).

167 Compliance grace period following changes in interest or fees

A credit advertisement does not cease to comply with this Part
merely because of a change in the annual percentage rate or in any
credit fees or charges during the period of 7 days after the change
takes effect.

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