Based on the uncertainty in the credit industry regarding the implementation of section 103(5), which sets out the legislative in duplum rule, the National Credit Regulator has published the proposed guidelines for information and comment by the public and other interested stakeholders.  

The guidelines are intended to provide guidance to credit providers, debt collectors, debt counsellors and payment distribution agents on the interpretation and application of section 103(5) in respect of the recovery of debts from consumers arising from credit agreements to which the NCA applies. 

Comments are required to be submitted in writing by 27 February 2015.