Agricultural Debt Management Act, 2001 (No. 21 of 2001). Country/Territory South Africa Document type Legislation Date 2001 Source FAO, FAOLEX Long titleAn Act to provide for the administration of this Act; to establish the Agricultural Debt Account; to provide for the use of the account as a mechanism to manage agricultural debt repayment; to administer monies in the account; to determine the purpose for which funds in the account may be used; to provide for the auditing and reporting on the account; to provide for various matters relating to debt agreements, interest rates, the collection and writing off of debt, the registration of bonds and property; and to provide for matters connected therewith. Subject Agricultural & rural development, Land & soil Keyword Agricultural development Credit Special fund Subsidy/incentive Geographical area Africa, South Atlantic, Southern Africa Abstract The Agricultural Credit Account, kept in terms of section 20A of the Agricultural Credit Act (here repealed), continues to exist despite the repeal of that Act and is to be called the Agricultural Debt Account. Any agreement which is still in force immediately before the commencement of this Act and which directly or indirectly relates to a debt, remains a legally binding agreement and is enforceable as despite the repeal of any legislation under which or as a result of which that agreement was concluded. Any mortgage bond, condition or restriction relating to a debt and registered against immovable property on the date of commencement of this Act, remains in force despite the repeal of any legislation under which that mortgage or condition was effected. The Director-General of the National Department of Agriculture must on a continuous basis monitor the repayment of debt and must audit all securities relating to debt. Full text English Website www.info.gov.za References - Legislation Amended by Agricultural Debt Management Amendment Act, 2002 (No. 49 of 2002). Legislation | South Africa | 2002 Keyword: Agricultural development, Credit, Cadastre/land registration Source: FAO, FAOLEX Repealed by Agricultural Debt Management Repeal Act, 2008 (No. 15 of 2008). Legislation | South Africa | 2008 Keyword: Agricultural development, Credit, Special fund, Subsidy/incentive Source: FAO, FAOLEX