For the purpose of this Part, an undue benefit conferred on a person (referred to in this
Part as the “beneficiary”) by a registered charity includes a disbursement by way of a gift or
the amount of any part of the income, rights, property or resources of the charity that is
paid, payable, assigned or otherwise made available for the personal benefit of any person
who is a proprietor, member, shareholder, trustee, or settler of the charity who has
contributed or paid into the charity more than 50% of the capital of charity, or who deals
not at arm’s length with such a person or with the charity, as well as any benefit conferred
on a beneficiary by another person, at the direction or with the consent of the charity, that
would, if it were not conferred on the beneficiary, be an amount in respect of which the
charity would have a right, but does not include a disbursement or benefit to the extent that
it is