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Which of the Following Powers,remedies or Penalties Are Not Available

Question 17

Multiple Choice

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:

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