Document ID: chunk:federal_register_of_legislation:C2025C00185:section:9:p61
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 9 (pt 61/63)
Character Range: 228950–231739

a sub‑fund of a CCIV—means a secured creditor of the CCIV, if the debt owing to the creditor is, to any extent, a liability of the sub‑fund.
secured party, in relation to a security interest, means:
 (a) if the security interest is a PPSA security interest—a secured party within the meaning of the Personal Property Securities Act 2009; or
 (b) if the security interest is not a PPSA security interest, but consists of a charge, lien or pledge in relation to the property—a chargee (including a person in whose favour a charge is to be given or executed, whether on demand or otherwise, under an agreement), lienee or pledgee in relation to the charge, lien or pledge.
Note: Security interests are either PPSA security interests, or charges, liens or pledges: see security interest.
securities has the meaning given by section 92.
securities lending arrangement (except for the purposes of Chapter 8A) has the meaning given by section 1020AA.
security interest means:
 (a) a PPSA security interest; or
 (b) a charge, lien or pledge.
SEGC (short for Securities Exchanges Guarantee Corporation) has the meaning given by section 880B.
selective buy‑back means a buy‑back that is none of the following:
 (a) a buy‑back under an equal access scheme within the meaning of subsections 257B(2) and (3);
 (b) a minimum holding buy‑back;
 (c) an on‑market buy‑back;
 (d) an employee share buy‑back.
selective reduction has the meaning given by subsection 256B(2).
Note: For the purposes of applying this definition to an MCI mutual entity, see subsection 258G(2).
self managed superannuation fund has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
senior manager:
 (a) in relation to a corporation—means a person (other than a director or secretary of the corporation) who:
 (i) makes, or participates in making, decisions that affect the whole, or a substantial part, of the business of the corporation; or
 (ii) has the capacity to affect significantly the corporation's financial standing; and
 (b) in relation to a partnership—means a person (other than a partner) who:
 (i) makes, or participates in making, decisions that affect the whole, or a substantial part, of the business of the partnership; or
 (ii) has the capacity to affect significantly the partnership's financial standing; and
 (c) in relation to a trust—means a person (other than a trustee) who:
 (i) makes, or participates in making, decisions that affect the whole, or a substantial part, of the business or affairs of the trust; or
 (ii) has the capacity to affect significantly the financial standing of the trust; and
 (d) in relation to a joint venture—means a person (other than a director or secretary of a corporation participating in the joint venture) who:
 (i) makes, or participates in