Annexure C
    2.5.8
    Annexure C
    p. 58

    The debt restructuring system

      The debt restructuring system must include a module which would support the debt counselor in the identification and management of reckless loans. This should include the functionality to produce a chronological listing of agreements, calculation of the cumulative repayments when each new agreement was entered into and comparison of the cumulative repayments to the adjusted salary at the stage when each agreement was entered into.

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    The restructuring system must produce an audit trail that an external reviewer can follow. NCR audits and credit-provider challenges both rely on this trail to test the proposal's integrity.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure C — Minimum Debt Counselling System Requirements, clause 2.5.8: The debt restructuring system. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 58.

    Related clauses

    2.1
    Annexure C
    The debt restructuring system
    2.2
    Annexure C
    The system
    2.2.1
    Annexure C
    A summarized debt re-arrangement proposal, which
    2.2.2
    Annexure C
    A full amortization schedule for each debt included
    Previous
    2.5.7 Whether payment escalations
    Next
    2.5.9 The debt restructuring system
    Learn more about Debt Counselling

    Discover how debt counselling can help you manage your finances and protect your assets.

    Based on NCR Guideline 001/2015, p. 58. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.