Clause 31

by deleting the words “Compensation Fund maintained under section 75” in sub‑paragraph (3) and substituting the words “Unclaimed Money Fund maintained under section 70J”; and

by deleting sub-paragraph (4) and substituting the following sub‑paragraphs:“(4) No action to recover any money paid into the Unclaimed Money Fund under sub-paragraph (3) (called in this paragraph transferred unclaimed intervention money), or any interest, dividends and other accretions of capital arising from the investment of the transferred unclaimed intervention money, may be brought on or after the date the transferred unclaimed intervention money is paid into the Unclaimed Money Fund under sub‑paragraph (3), against —

the Society or any wholly-owned subsidiary of the Society to which the transferred unclaimed intervention money is transferred under section 70J(3)(b); or

any other person from whom the Society took possession under sub‑paragraph (1) of the transferred unclaimed intervention money.(5) If any claimant applies to the Society for payment of any amount of any transferred unclaimed intervention money, after the money is paid into the Unclaimed Money Fund under sub‑paragraph (3), the Society may pay the whole or any part of that amount to the claimant from the Unclaimed Money Fund.(6) No interest is payable on any transferred unclaimed intervention money by the Society to any claimant under sub‑paragraph (5).”.