The National Credit Act and the Practical Implications of Business Rescue on Collections

The 1st April 2007 Compliance Deadline has come and gone! Is your organisation ready?

The National Credit Act Legislation, implemented in 2007, impacts heavily on all Credit-Granting businesses and specifically affects the manner in which credit is extended, administered, reported on and controlled in SA. Since inception, rulings and precedents are focusing the way in which the law interprets this Act.

This workshop will review how the Act is currently being enforced and will allow you to review your company's current alignment to the Act while providing information necessary to fully comply with this Act in 2012!

Your ½ day Workshop Agenda will include topics such as:

• Understanding Credit Providers as defined by the National Credit Act abd the responsibilities you have as a Credit Provider
• Looking at the objectives of the National Credit Act and what the Act is trying to achieve
• Specific areas of concern for Credit Providers such as defined Reckless Lending, Interest Rate Regulation, Confidentiality Issues, Unlawful Agreements and Debt Counselling
• Ensuring that your company is complying with the Act in terms of communication, contravention, policies and rectification
• Looking at the cost implications of complying with the National Credit Act for your company
• Understanding the penalties provided for in the Act, and how the National Credit Regulator aims to enforece its objectives
• Looking at the set up Regulatory Bodies, their Functions and the likely impact they will have on an organisation extending credit
• A specific focus on the Business Rescue Chapter of the New Companies Act and it's impact on your debtors legal standing