There is to be paid out of money provided by Parliament any expenditure of the Secretary of State incurred—
in connection with the formation of any company formed with a view to, or for any purpose of, the provision of defence procurement services or otherwise in connection with the establishment of arrangements mentioned in section 1;
in assuming responsibility for any liabilities of a company which is or has been concerned in or in connection with the provision of defence procurement services which are liabilities arising out of the provision of such services or liabilities to or in respect of persons employed or formerly employed in or in connection with the provision of such services.
In this Part—
“
“
“
“
“
“
“
“
“
“
“
a company limited by shares in which no one other than a relevant person holds any of the shares, or
a company limited by guarantee of which no one other than a relevant person is a member;
the “
“
In the definition of “publicly owned company” in subsection (1), “
a Minister of the Crown,
a publicly owned company, or
a nominee of a person falling within paragraph (a) or (b).