A company is a "publicly-owned company" for the purposes of section 3(1)(b) if—
it is wholly owned by the Crown, ...
it is wholly owned by the wider public sector , or
it is wholly owned by the Crown and the wider public sector.
For the purposes of this section—
a company is wholly owned by the Crown if, and only if, every member is a person falling within sub-paragraph (i) or (ii)—
a Minister of the Crown, government department or company wholly owned by the Crown, or
a person acting on behalf of a Minister of the Crown, government department or company wholly owned by the Crown,
a company is wholly owned by the wider public sector if, and only if, every member is a person falling within sub-paragraph (i) or (ii)—
a relevant public authority or a company wholly owned by the wider public sector, or
a person acting on behalf of a relevant public authority or of a company wholly owned by the wider public sector, and
a company is wholly owned by the Crown and the wider public sector if, and only if, condition A, B or C is met.
In subsection (2)(c)—
condition A is met if—
at least one member is a person falling within subsection (2)(a)(i) or (ii),
at least one member is a person falling within subsection (2)(b)(i) or (ii), and
every member is a person falling within subsection (2)(a)(i) or (ii) or (b)(i) or (ii),
condition B is met if—
at least one member is a person falling within subsection (2)(a)(i) or (ii) or (b)(i) or (ii),
at least one member is a company wholly owned by the Crown and the wider public sector, and
every member is a person falling within subsection (2)(a)(i) or (ii) or (b)(i) or (ii) or a company wholly owned by the Crown and the wider public sector, and
condition C is met if every member is a company wholly owned by the Crown and the wider public sector.
In this section—
"company" includes any body corporate;
"Minister of the Crown" includes a Northern Ireland Minister.
" relevant public authority " means any public authority listed in Schedule 1 other than— a government department, or any authority which is listed only in relation to particular information