ATC130913: Report of the Portfolio Committee on Trade and Industry on the National Credit Amendment Bill [PMB 1 – 2012] (National Assembly – sec 76), dated 11 September 2013:

Trade and Industry

Report of the Portfolio Committee on Trade and Industry on the National Credit Amendment Bill [PMB 1 – 2012] (National Assembly – sec 76), dated 11 September 2013:

The Portfolio Committee on Trade and Industry (the committee), having considered the subject of the National Credit Amendment Bill [PMB 1 – 2012] (National Assembly – sec 76), referred to it and classified by the Joint Tagging Mechanism (JTM) as a section 76 Bill, reports as follows:

1. The Bill was introduced and referred to the committee for consideration and report on 27 November 2012 (see ATC, dated 27 November 2012).

2. In compliance with the interim measures for the introduction and consideration of private members’ Bills, the committee provided reasonable notice to the member who introduced the Bill, Dr M Oriani-Ambrosini , to brief the committee on 31 January 2013.

3. On 13 February 2013, the committee took a decision to request stakeholders to submit written submissions on the Bill within 15 days.

4. On 20 February 2013, the committee considered the submissions that were received based on the Bill published in the Government Gazette.

5. On 12 March 2013, the committee considered the submissions received in terms of its decision taken on 13 February 2013.

6. During the deliberations, the committee considered the merits of the Bill but was of the view that a comprehensive piece of legislation was required to effectively deal with the challenges related to the interpretation and implementation of the National Credit Act (NCA), Act No 34 of 2005.

7. The committee raised this view with the Minister of Trade and Industry who informed the committee that the Department of Trade and Industry had embarked on a review of the consumer credit policy in order to effect amendments to the Act. The introduction of an amendment Bill, which would comprehensively address the challenges of the Act, had been delayed. The committee agreed that it would allow the Minister to respond regarding the delay in introducing a Bill amending the Act.

8. In a letter dated 8 May 2013, the Minister informed the committee of his intention to introduce the National Credit Amendment Bill in 2013 for consideration by Parliament.

The committee, having considered the desirability of the subject matter of the Private Member’s Bill in terms of the abovementioned interim measures, reports that it has rejected the Private Member’s Bill (DA objected).

Report to be considered.

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