(1) In this section -

'asset' includes equipment or a structure, but not any mode of transport or a dwelling or grounds appurtenant to a dwelling;

'service' does not include a dwelling or grounds appurtenant to a dwelling.

(2) This section applies where there is a credible and serious threat to a director's or an employee's personal physical security, which arises wholly or mainly because of the director's or employee's office or employment.

(3) This section applies to expense incurred by the body corporate, or incurred by a director or employee and reimbursed to the director or employee by the body corporate -

(a) in -

(i) the provision or use of, or

(ii) expenses connected with,

an asset or service for the improvement of personal security which is provided for or used by the director or employee to meet the threat to his or her personal physical security, and

(b) with the sole object of meeting that threat.

(4) Subject to subsections (6) and (7), where this section applies, section 118(1) shall not apply to an expense to which this section applies.