The National Credit Code Came into Force on 1 July

question 27

Multiple Choice

The National Credit Code came into force on 1 July 2010.Most credit contracts that were in existence before that date are:

• A)regulated by the Australian Competition and Consumer Commission.
• B)regulated by the National Credit Code.
• C)regulated by contract law.
• D)regulated by the state or territory credit codes laws that applied before 1 July 2010.

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Definitions:

Subjective Well-Being

An individual's self-reported assessment of their own happiness and satisfaction with life.

Cross-Sectional

A type of observational study design that analyzes data from a population, or a representative subset, at a specific point in time.

Longitudinal

Studies or research conducted over a long period of time to observe changes.

Occupational Achievement

The attainment of significant milestones or success within one's chosen career or professional path.