debt intervention applicant

"debt intervention applicant"

means a natural person, or natural persons who own a joint estate, who on the date of submission of the application for debt intervention contemplated in section 86A—

(a)	is a consumer under unsecured credit agreements, unsecured short term credit transactions or unsecured credit facilities only;

(b)

receives no income, or if he or she, or the joint estate, receives an income or has a right to receive income, regardless of the source, frequency or regularity of that income, that gross income did not, on an average for the six months preceding the date of the application for debt intervention exceed R7500 or such an amount as may be prescribed by section 171(2A)(a), per month;

(c)	is over-indebted, whether due to a change in personal circumstances or other circumstances; and

(d)	is not sequestrated or subject to an administration order;

[Definition inserted by section 1(b) of Notice No. 1081, GG 42649, dated 19 August 2019]