(1)The appropriate person may by order impose conditions in relation to the exercise by a best value authority of—
(a)a power to do anything for a commercial purpose, or
(b)a power to do anything for such a purpose through a company.
(2)In exercising such a power as is mentioned in subsection (1), a best value authority shall have regard to such guidance as the appropriate person may issue.
(3)An order under this section may be made in relation to—
(a)all best value authorities,
(b)particular best value authorities, or
(c)particular descriptions of best value authority.
(4)In this section, “best value authority” does not include—
(a)a police authority established under section 3 of the Police Act 1996,
(b)the Common Council of the City of London in its capacity as a police authority,
(c)the Metropolitan Police Authority, or
(d)the London Development Agency.
(5)In subsection (1)(b), “company” has the same meaning as in Part 5 of the Local Government and Housing Act 1989.