Clause 21

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

by deleting paragraph (iv) of subsection (1) and substituting the following paragraph:“(iv)there shall be a charge on the spouse’s estate or interest in the immovable property to secure the payment referred to in paragraph (ii);”;

by deleting “(7)” in subsection (1)(v) and substituting “(8)”;

by deleting “(6)” in subsection (1)(v) and substituting “(7)”;

by deleting the words “and the payment of the minimum sum into that person’s retirement account” in subsection (1)(vi)(A); and

by deleting subsection (2) and substituting the following subsection:“(2) Except in a case to which subsection (1) applies, where —

a member of the Fund has withdrawn any money standing to his credit in the Fund for all or any of the purposes referred to in section 21(1) or 21A(1);

the immovable property in relation to which the money was withdrawn is purchased or owned by the member, whether solely or as a co-purchaser, joint-tenant or tenant-in-common, as the case may be, with one or more other persons; and

an order of court is made requiring the transfer or sale of the member’s estate or interest in the immovable property to any person,the following shall apply:

any charge under section 21(1) or 21A(1) on any estate or interest in the immovable property shall continue in force until, and the member, the person referred to in paragraph (c) 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; and

notwithstanding paragraph (i), where the Board is satisfied of the occurrence of any event prescribed in any regulations made under section 77(1) for the purposes of this paragraph, the member, the person referred to in paragraph (c) or any other person having an interest in the immovable property may, with the approval of the Board, have the charge cancelled.”.