Improving Collections and coming to terms with new legislation


Date(s) - 10/11/2014
9:00 am - 4:30 pm

About the event

New Legislation has changed the way we  are able to collect debt. Consumers and Business are more protected and more aware of the rights then they where 10 years ago. This important workshop looks at techniques to improve your collection of outstanding debt and current legislation that governs your collection of outstanding debt.

The National Credit Act.

The National Assembly and the National Council for Provinces have both adopted the Amendments to the NCA Bill. The Bill has now been sent to the President to be signed into Law.

The National Credit Act and Amendments

The Government Notice (no. R.144 – dated 26 February 2014) was published and the effective date of implementation is the 1st April 2014. In terms of this notice from the DTI, Credit Bureaus must remove the “adverse consumer information” and “information ralting to paid up judgements” from thier data banks within 2 (two) months from the effective date.

Business Rescue

Business Rescue (Chapter 6) of the New Companies Act is having a major effect on new assessment and the collection of all commercial debt. The new Companies Act came into effect on the 1 May 2011.

Business Rescue protects all exisiting companies and close corporations in a similar way as the National Credit Act Affords protection to individuals.

It is extremely important that your organisation has a clear understanding of this piece of legislation and commence preparing of the effect it will have on future collection of accounts.


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