Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_164
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 164
Character Range: 972633–973740

164  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.

Division 3—Comparison rate in other documents