Northern Territory Consolidated Acts Northern Territory Consolidated Acts11. Maximum annual percentage rate
(1) The Administrator may make regulations prescribing a maximum annual percentage rate for a credit contract or class of credit contract, within the meaning of the Consumer Credit (Northern Territory) Code.
(2) Division 2 of Part 2 of the Code (which limits the debtor's monetary obligations) applies in relation to a prescribed maximum annual percentage rate as if that rate had been prescribed by the Code.