Clause 9

by deleting subsections (1) and (2) and substituting the following subsections:“(1) Subsection (2) shall apply to all of the following things:

any contributions to the Fund, interest thereon and other moneys standing to the credit of a member in the Fund;

any withdrawals made from the Fund under this Act, and any rights of any member acquired thereunder;

any moneys repayable to the Fund by any member which are secured by —

a charge on the member’s estate or interest in an immovable property under section 21(1), 21A(1), 27C(1)(v)(A) or 27E(1)(iv); (ii)a charge constituted on an HDB flat under section 21B(1) or 27F(1)(iv); (iii)a charge created or constituted on an immovable property under section 15(9), (9A), (11D) or (11E), 27C(1)(v)(B), 27D(1)(v)(B) or 27DA(1)(v);

any moneys repayable to the Fund pursuant to an undertaking given under section 15(10) or (10A) or 27D(1)(v)(A);

any moneys deposited by a member with an approved bank under section 15(6C)(b) or 15B(2) and any interest thereon, and any withdrawals from the moneys and interest;

any payments from an approved annuity referred to in section 15(6C)(b) or 15B(2);

every investment made by a member under any scheme in accordance with any regulations made under section 77(1)(n) the proceeds or benefits (or any part thereof) of which the member is obliged to repay into the Fund, and any proceeds or benefits of such an investment which the member is obliged to repay into the Fund.(2) Notwithstanding any written or other law but subject to sections 14, 14A, 27B, 27C, 27D, 27DA, 27E, 27F, 27G, 27H, 27N and 57C and any regulations made under section 27Q, 57F or 77(1), the things set out in subsection (1)(a) to (g) —

shall not be assignable, transferable, attached, sequestered or levied upon for or in respect of any debt or claim;

shall not be subject to any set-off of any nature for any debt owing by the member; and

if the member is adjudicated a bankrupt by a court —

shall not pass to the Official Assignee on the bankruptcy of the member; and

shall be deemed not to form part of the property of the member.”; and

by deleting subsections (3), (4) and (5).