Council for Debt Collectors Finance Portfolio Committee

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Presentation transcript:

Council for Debt Collectors Finance Portfolio Committee 4 November 2012 11/4/11

Establishment Establishment of the Council General information about the Council Enabling legislation provides control over profession Composition of the Council and EXCO Audit Committee Code of conduct Establishment of the Council Law Reform Commission investigation Promotion of the Debt Collectors Act, 1998 Appointment of first Council Current position Establishment of the Council Establishment 11/4/11

Objectives Objectives of the Council Section 2(2) of the Act aims to: Regulate the occupation of debt collectors Regulate the recovery of fees Register debt collectors Issue registration certificates Investigation of complaints against debt collectors Institute disciplinary proceedings Objectives of the Council Objectives 11/4/11

Constitution Constitution of the Council Section 3 of the Act provides for the appointment of: a Chairperson Members of the council: a Magistrate an Attorney 2 – 4 Debt collectors nominated by the profession 2 Persons nominated by the Minister 1 Person nominated on behalf of consumers Current composition of the Council Chief Executive Officer Secretariat Constitution of the Council Constitution 11/4/11

Finances Financial position of the Council Income derived from: Application fees Subscription fees Income and expenditure Financial Year Income Expenditure 2002/2003 844 557 390 779 2003/2004 5 651 370 1 531 498 2004/2005 5 412 835 1 787 242 2005/2006 6 469 187 3 075 829 2006/2007 8 044 184 4 505 784 2007/2008 9 026 984 6 245 142 2008/2009 9 545 739 6 725 308 2009/2010 9 893 048 9 102 218 2010/2011 10 727 869 10 591 841 Financial position of the Council Finances 11/4/11

Liaison Internal and external liaison Internal and external liaison Public consultation Printed and electronic media Website Awareness campaigns Debt collectors Justice Internal and external liaison Liaison 11/4/11

Governance Governance EXCO Risk Management Policies Employment Staff Loan Acquisition Investment Travel and remuneration Governance Governance 11/4/11

Year ahead Year ahead New Chairperson and Council: Independent non executive New ideas Savings New CEO New Strategic Plan Council induction New Direction Trust accounts Learner collectors Training of debt collectors Attorneys to register as collectors Year ahead Year ahead 11/4/11