160.—(1) The Local Government and Housing Act 1989(1) is amended as follows.
(2) In section 68 (companies controlled by local authorities), in subsection (6)(g) for “the Companies Act 1985” substitute “the Companies Act 2006”.
(3) In section 69 (companies subject to local authority influence)—
(a)in subsection (4)(a), for “section 152(2) of the Companies Act 1985” substitute “section 677(2) and (3) of the Companies Act 2006”;
(b)for subsection (4)(b) substitute—
“(b)“fixed assets” means assets of a company that are intended for use on a continuing basis in the company’s activities, and “current assets” means assets not intended for such use;”;
(c)in subsection (9), for “the Companies Act 1985” substitute “the Companies Acts (as defined in section 2 of the Companies Act 2006)”.
(4) In section 71 (controls of minority interests etc in certain companies)—
(a)in subsections (4) and (5)(a), for “section 375 of the Companies Act 1985” substitute “section 323 of the Companies Act 2006”;
(b)in subsection (8), for “the Companies Act 1985” substitute “the Companies Acts (as defined in section 2 of the Companies Act 2006)”.
Sections 68, 69 and 71 have been repealed by the Local Government and Public Involvement in Health Act 2007 (c.28), Schedule 18, Part 16 from a date to be appointed.