275.—(1) Section 118 is amended as follows.
(2) In subsection (1)—
(a)in the opening words, for “Agency” substitute “appropriate agency”;
(b)in paragraph (a), for “Agency's” substitute “appropriate agency's”;
(c)at the end of paragraph (a) omit “and”;
(d)in paragraph (b)—
(i)before “shall be disregarded” insert “where the appropriate agency is the Agency,”;
(ii)at the end, for “.” substitute “; and”;
(e)after paragraph (b) insert—
“(c)where the appropriate agency is the NRBW, shall be disregarded in determining the amount of any surplus for the purposes of article 13 of the Natural Resources Body for Wales (Establishment) Order 2012 (S.I. 2012/1903).”
(3) In subsections (2), (3) and (5), for “Agency” and “Agency's”, in each place where they occur, substitute “appropriate agency” and “appropriate agency's” respectively.