Clause 7

by inserting, immediately after the word “made” in the twenty-eighth line of subsection (1), the words “and to secure the payment of the minimum sum into the member’s retirement account”;

by inserting, immediately after subsection (2), the following subsection:“(2A) Any charge created over any immovable property under subsection (1) from 1st June 1981 to 31st December 1986 (both dates inclusive) shall unless the Board otherwise decide be deemed to have secured the payment of the minimum sum into a member’s retirement account.”;

by inserting, immediately after subsection (5), the following subsection:“(5A) The repayment of the minimum sum to the Board, if it is secured by a charge on the member’s estate or interest on the immovable property under subsection (1), shall rank after the claims of a mortgagee or chargee other than the Board prior to the date when the member is required to deposit a prescribed sum in accordance with section 12(6).”;

by inserting, immediately after the word “Fund” in the fifth line of subsection (8), the words “or if the Board is satisfied of the occurrence of any of the events mentioned in section 14A(e)”; and

by inserting, immediately after the word “section” in the first line of subsection (10), the words “and section 14A”.