CIF should establish a “Sub-Committee” which should
CIF should establish a “Sub-Committee” which should include both debt counselor and credit provider representatives, which should be responsible for the review of any new debt restructuring software packages and for the periodic review and monitoring of any existing systems. This committee should also be responsible to evaluate any complaints by debt counsellors or credit providers in respect of any of the systems or system providers. INDUSTRY AGREED CONSENSUAL DEBT RESTRUCTURING RULES TO BE DEPLOYED UNDER THE SECTION 48 (1) INDUSTRY CODE OF CONDUCT TO COMBAT OVER-INDEBTEDNESS Summarised debt restructuring rules under the envisaged Section 48(1) Industry Code to Combat Over-Indebtedness accepted by the credit industry
NDRC Practice NoteLast reviewed 2026-04
The Credit Industry Forum sub-committee is the standing body that interprets the Task Team Agreement, resolves cross-stakeholder disputes and recommends amendments to the NCR.
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 4.1: CIF should establish a “Sub-Committee” which should. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 60.