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National Consumer Credit Protection Regulations 2010
97Relevant comparison rate where annual percentage rate stated
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97 Relevant comparison rate where annual percentage rate stated
For subsection 161(2) of the Code, the designated amounts and terms for which a comparison rate is to be calculated are: (a) $250 for a term of 2 weeks; and (b) $1 000 for a term of 6 months; and (c) $2 500 for a term of 2 years; and (d) $10 000 for a term of 3 years; and (e) $30 000 for a term of 5 years; and (f) $150 000 for a term of 25 years.