Public-private partnerships
17 Section 16: interpretation.
1
In section 16 “public-private partnership business” means participation in public-private partnerships whether as an investor, a consultant or otherwise.
2
In particular, “public-private partnership business” includes the provision of advisory or financial services in connection with specific public-private partnerships or public-private partnerships generally—
a
whether the services are provided to public bodies or to private persons, and
b
whether or not the services are provided on terms and conditions about payment, consideration or other matters.
3
In this section “public-private partnerships” means projects and undertakings the resources for which are provided partly by public bodies and partly by private persons.
4
In subsection (3) “resources” includes funds, assets, professional skills and any other kind of commercial resource.
5
In this section “public body” means a government department or a body exercising public functions.
6
In this section—
a
“projects and undertakings” includes projects and undertakings carried on wholly or partly outside the United Kingdom, and
b
a reference to public functions is not confined to public functions of the United Kingdom.
7
In section 16 a reference to a body includes a reference to—
a
a group of bodies,
b
a partnership or enterprise carried on by one or more persons or bodies, and
c
a body (including a body within the meaning of paragraph (a) or (b)) which is substantially the same as, or which is a successor to, another body.