Clause 15

by inserting, immediately after sub-paragraph (i) of subsection (1)(d), the following sub-paragraphs:“(ia)to change the manner of holding of an HDB flat from a joint tenancy to a tenancy in common, or vice versa;

by deleting the words “such purchase or acquisition” in subsection (1)(d)(ii) and substituting the words “any purchase or acquisition referred to in sub-paragraph (i)”;

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 (4); and

by deleting subsection (11) and substituting the following subsections:“(11) Any charge constituted under subsection (1) shall continue in force until 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.(11A) Without prejudice to subsection (11), where there is a charge constituted under subsection (1) on an HDB flat in respect of which a member has withdrawn any money standing to his credit in the Fund for any purpose referred to in subsection (1), and the Board is satisfied of the occurrence of any event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 charge shall, on the application of the member or any other person having an interest in the HDB flat, cease to be in force if the Board approves the application.”.