Western Australian Repealed Acts

This legislation has been repealed.

CONSUMER CREDIT (WESTERN AUSTRALIA) CODE - SECT 146I

146I .         Other requirements for comparison rate

        (1)         A comparison rate in any credit advertisement must be identified as a comparison rate.

        (2)         A comparison rate in any credit advertisement must not be less prominent than —

            (a)         any annual percentage rate stated in the advertisement; and

            (b)         the amount of any repayment stated in the advertisement.

        (3)         The following applies to credit advertisements on television, the Internet or other electronic display medium —

            (a)         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;

            (b)         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;

            (c)         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;

            (d)         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.