(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.