"excluded amount", in relation to a guaranteed securities loan, means an amount payable by the borrower by way of a fee or charge, or by way of interest or a penalty, in respect of the loan.

"guaranteed securities loan" has the meaning given by section 954B.

"lender", in relation to a guaranteed securities loan, has the meaning given by section 954B.

"security benefit" means:

(a)

property (other than securities) or money transferred or paid to a person because the person is or was the holder of a security; or

(b)

a right that a person has because the person is or was the holder of a security, including, for example:

(i)

a right to be paid an amount or to be issued with additional securities; or

(ii)

a right that arises out of a reduction in share capital, a scheme of arrangement or compromise or a takeover bid.

(2) A reference in the definition of security benefit in subsection (1) to a right is a reference to a right, whether existing or future, and whether contingent or not.