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National Consumer Credit Protection Regulations 2010
99Warnings about comparison rate
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#### 99 Warnings about comparison rate
(1) For subsection 163(1) of the Code, the warning about the accuracy of a comparison rate in a credit advertisement must:
(a) include the short statement or long statement; and
(b) be given in the same form as the comparison rate is given unless the credit advertisement is on television, the internet or other electronic display medium.
> Note: Subsection 164(3) of the Code explains the way in which the warning must be given for a credit advertisement on an electronic display medium.
(2) The warning may also contain a statement that the credit provider does not provide credit for an amount, or a term, or both, specified in a credit advertisement.
(3) The long statement is:
‘WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.’
(4) The short statement is:
‘WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.’