Clause 5

by deleting subsection (5) and substituting the following subsection:“(5) Where an SRS member is eligible to make a withdrawal under subsection (3)(b), all the funds (excluding any life annuity) standing in his SRS account shall be withdrawn not later than 10 years from the date he made his first withdrawal under subsection (3)(b).”;

by deleting the words “the earlier of the 2 periods” in subsections (6) and (8)(a) and substituting in each case the words “the period”;

by deleting the words “earlier of such periods” in subsection (6) and substituting the word “period”; and

by inserting, immediately after the words “contributions by individuals” in subsection (11), the words “and by their employers on their behalf”.