Which of the following powers,remedies or penalties are not available to courts under the National Credit Code?
A) A civil penalty of up to $750 000 for each breach - if the application is made by a credit provider or ASIC.
B) The power to set aside a credit contract or mortgage.
C) The power to cancel or reduce an interest charge or fee.
D) The power to order a provider to make public apologies and offer compensation through public advertisements.
Correct Answer:
Verified
Q12: Which of the following statements is not
Q13: Which of the following is not an
Q14: Heather borrows money from a business that
Q15: Under the National Credit Code,consumers cannot be
Q16: Which of the following statements is not
Q18: Which of the following credit contracts would
Q19: The National Credit Code applies to related
Q20: Which one of the following is not
Q21: The second stage of the Anti Money
Q22: Which of the following is/are not classified
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents