Clause 6

Section 15 of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1A) Precious metals and securities purchased by a member under any scheme in accordance with the regulations made under section 45 which allow members to withdraw their moneys in the Fund for the purposes of investment and the proceeds from the sale of such precious metals and securities which a member is obliged to repay into the Fund shall not be liable to be attached, sequestrated or levied upon for or in respect of any debt or claim whatsoever, and such precious metals, securities or proceeds shall not pass to the Official Assignee on the bankruptcy of such member, and if such member is adjudicated a bankrupt or is declared insolvent by a Court, such precious metals, securities or proceeds shall be deemed not to form part of the property of the member.”.