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Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)

Chapter 13 : Resolution of Financial Problems

Part 3 : Debt relief and restructuring

156. Matters to be prescribed


The Minister, acting with the concurrence of the Cabinet member responsible for local government, must by regulation in terms of section 168

(a) provide for an equitable process for the recognition of claims against a municipality for the purposes of sharing in a distribution scheme, provided that rejection of any claim does not prevent a creditor from proving the claim in a court; and
(b) provide for public access to a distribution scheme.