NEW3.03.00 · Released 1 May 2020

NEWfinPOWER Connect

Released in

3.03.00

1 May 2020

1. Opened19 Feb
2. Closed25 Feb
3. Released1 May

Article 16764 Job J023759

NZ High-Cost Consumer Credit Contracts; add "New Zealand Rate of Charge" Comparison Rate

A new Comparison Rate type of "New Zealand Rate of Charge" has been added. This is to support High-Cost Consumer Credit Contracts in New Zealand.

Note, a High-Cost Consumer Credit Contract is prohibited from charging more than a maximum Rate of Charge of 0.8% per day; calculated in accordance with the regulations.

The following built-in Summary Page has been updated:

* SummaryPage2_Account_Financial
* Version: 2.02 (20/02/2020)

The following standard Summary Page block has been updated:

* Account_ComparisonRate
* Version 1.03 Last updated 17/03/2020