Clause 14

by deleting the words “and to secure the payment of the minimum sum into the member’s retirement account” in subsection (1);

by deleting subsection (6); and

by deleting subsection (9) and substituting the following subsections:“(9) A charge under subsection (1) on a member’s estate or interest in an immovable property shall continue in force until, and the member or any other person having an interest in the immovable property shall be entitled to have the charge cancelled in the event that, all moneys secured by the charge —

have been repaid to the Fund; or

are no longer required by any regulations made under section 77(1) to be repaid to the Fund.(9A) Without prejudice to subsection (9), where there is a charge under subsection (1) on a member’s estate or interest in an immovable property, and the Board is satisfied of the occurrence of any event prescribed in any regulations made under section 77(1) for the purposes of this subsection, the member or any other person having an interest in the immovable property may, with the approval of the Board, have the charge cancelled.”.