Acts Online
GT Shield

National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 2 : Consumer Credit Institutions

Part A : National Credit Regulator

18. Reporting requirements of National Credit Regulator


(1) In addition to any other advice or reporting requirements set out in this Part, the National Credit Regulator is responsible to—
(a) advise the Minister on matters of national policy relating to consumer credit and on the determination of national norms and standards regarding consumer protection in terms of this Act that should apply generally throughout the Republic;
(b) recommend to the Minister changes to bring about uniformity in the legislation in the various provinces in relation to consumer protection in terms of this Act;
(c) report to the Minister annually on—
(i) the volume and cost of different types of consumer credit products, and market practices relating to those products; and
(ii) the implications for consumer choice and competition in the consumer credit market;
(d) enquire into and report to the Minister on any matter concerning the purposes of this Act; and
(e) advise the Minister in respect of any matter referred to it by the Minister.


(2) The Minister must table in Parliament any report submitted in terms of—
(b) any other provision of this Part, if that report deals with a substantial matter relating to the purposes of this Act.