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https://moneyplace.com.au/help/interest-rates/comparison-rates/
All lenders must show a comparison rate. This is an indicative interest rate that is designed to help you identify the 'true cost' of a loan. It takes into account the interest rate plus ascertainable fees and charges that relate to a loan, in an attempt to express some costs of a loan into a single comparison rate. For our unsecured personal loans, there is only one ascertainable fee and charge to include — our establishment fee.
The comparison rate does not include fees and charges that may occur or are based on some future event, such as late fees or recovery fees. Additionally, government and statutory charges are excluded, as these are standard irrespective of the type of loan or who the lender is.