Australian Capital Territory Consolidated Acts

CREDIT ACT 1985 - SECT 78

It is sufficient compliance with the provisions of this part that require the annual percentage rate to be stated in or in relation to a regulated contract under which the whole or any part of the credit charge is a predetermined credit charge if the annual percentage rate is stated as a rate—

        (a)     greater than that required to be stated; or

        (b)     less than that required to be stated by not more than 1 part in 50 of the rate required to be stated.