Regulation 2

in regulation 2, after the definition of “housing association” insert–

• ““land”, except where the context otherwise requires, includes buildings and structures on land;”;

after regulation 4(1)(d) insert–

“(e)

land, vehicles, vessels, movable and immovable plant, machinery and apparatus if the authority disposing of the asset had no interest in it immediately before 1st April 1981 and the subsequent acquisition of an interest—

(i)

did not involve the authority in prescribed expenditure; or

(ii)

involved expenditure the amount of which was, for the purposes of Part VIII of the Act, nil;

(f)

land, vehicles, vessels, movable and immovable plant, machinery and apparatus where, if the authority were the party acquiring the asset under the transaction instead of the party disposing of it, the acquisition—

(i)

would not involve the authority in prescribed expenditure; or

(ii)

would involve expenditure the amount of which was, for the purposes of Part VIII, nil.”;

for paragraph 3 of