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

question 29

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.

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Definitions:

International Strategy

A plan formulated by a business to expand its operations and compete in global markets, often involving exporting, licensing, or direct investment overseas.

World Market

An international economic system for trading goods, services, and capital across global borders.

Meganational Strategy

A business approach focused on operating and competing globally, while balancing both local responsiveness and global integration.

Autonomy to Adapt

The ability of an entity or individual to independently modify behaviors or methods in response to changing conditions.