57In section 100 of that Act (interpretation and extent of Part X) for subsection (1) there shall be substituted the following subsections—
“(1)Except where the context otherwise requires, in this Part of this Act, “subsidiary”, in relation to a body to whom this Part of this Act applies, means—
(a)if that body is a county council, district council, London borough council, the Common Council of the City of London or a joint authority established by Part IV of the Local Government Act 1985, a company under the control, or subject to the influence, of that body within the meaning of Part V of the Local Government and Housing Act 1989 (companies in which local authorities have interests); and
(b)in the case of any other body, a wholly-owned subsidiary of that body.
(1A)In this Part of this Act, “wholly-owned subsidiary” has the meaning assigned to it by section 736 of the Companies Act 1985.”