Australian Capital Territory Consolidated Acts

CREDIT ACT 1985 - SECT 10

For this Act, a reference to the annual percentage rate —

        (a)     in relation to a credit sale contract or a loan contract in relation to which the annual percentage rate has not been disclosed to the debtor or has been so disclosed otherwise than in accordance with section 38—is a reference to the lowest annual percentage rate that can be determined in relation to the contract in accordance with that section; and

        (b)     in relation to a credit sale contract or a loan contract under which the annual percentage rate has been disclosed in accordance with section 38—is a reference to the percentage rate disclosed; and

        (c)     in relation to a continuing credit contract—is a reference to the annual percentage rate within the meaning of section 55.