39.Subsection (1) defines a publicly-owned company as one which:
is wholly owned by the Crown; or
is wholly owned by any public authority listed in Schedule 1 other than a government department or an authority which is listed only in relation to particular information.
40.Subsection (2) defines a company wholly owned by the Crown as a company having no members except:
Ministers, government departments or companies wholly owned by the Crown; or
any person acting on behalf of the above,
and defines a company wholly owned by a public authority other than a government department as having no members except:
that public authority or companies owned by that public authority; or
any person acting on behalf of the above.
41.Subsection (3) defines company as including any body corporate.