Act creates new concept allowing business rescue.

Byline: Andrew Gillingham

Act creates new concept allowing business rescue THIS will be a year in which the credit management industry can expect more legislative changes and industry players will have to ensure they are fully aware of the implications for their businesses.

Brett Bentley, senior attorney at Bentley Attorneys, says two pieces of legislation will be introduced early this year the Consumer Protection Act (CPA) in March and the new Companies Act in April.

& While the CPA will not impact directly on credit management as it provides specifically that transactions that fall under the National Credit Act will be excluded from its ambit, there …