“the Act” means the Enterprise Act 2002;

“applicable turnover” means the turnover of an enterprise in the preceding business year, or in a case to which article 11(4) applies, in the period referred to in that article, determined in accordance with the Schedule to this Order; and where a business year or a period under article 11(4) does not equal 12 months the applicable turnover shall be the amount which bears the same proportion to the applicable turnover during that business year as 12 months does to that period;

“business year” means a period of more than six months in respect of which an enterprise or, if applicable, the business of which it forms part, prepares or is required to prepare accounts; F1...

“merger reference” means a reference by the CMA to its chair under section F322, 33, 68B or 68C of the Act or section 32 of the Water Industry Act 1991, or a reference by the Secretary of State to the chair of the CMA under section 45 of the Act; and

“water enterprise” means an enterprise carried on by a water undertaker or sewerage undertaker.