National Credit Code
nounna·tion·al cred·it codepronounced NASH-uh-nul KRED-it KOHD
Last reviewed 16 April 2026
What does the noun National Credit Code mean?
Schedule 1 of the National Consumer Credit Protection Act 2009. It sets the rules for consumer lending in Australia, including the requirement for lenders to display comparison rates alongside advertised interest rates and the standardised method for calculating those rates.
How the noun National Credit Code is used
The National Credit Code is why every home loan ad has to show a comparison rate alongside the headline rate, so borrowers can compare the true cost.
Synonyms
NCC
Related words
Cite this entry
MLA citation: "National Credit Code." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/national-credit-code. Accessed 30 May 2026.
Chicago citation: How to Property. "National Credit Code." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/national-credit-code.
APA citation: How to Property. (2026, April 16). National Credit Code. https://howtoproperty.com.au/definitions/national-credit-code