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:
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
The Bill was introduced and referred to the committee for consideration
and report on 27 November 2012 (see ATC, dated 27 November 2012).
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
to brief the committee on 31 January 2013.
On 13 February 2013, the committee took a decision to
request stakeholders to submit written submissions on the Bill within 15
On 20 February 2013, the committee considered the submissions that were received
based on the Bill published in the Government Gazette.
On 12 March 2013, the
considered the submissions received in terms of its decision taken on 13
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.
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.
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 Members Bill in
terms of the abovementioned interim measures, reports that it has rejected the Private
Members Bill (DA objected).
Report to be considered.
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