“Public Private Partnership” means a Public Private Partnership as defined in-

(a)     Regulation 16 of the Treasury Regulations issued in terms of section 76 of the Public Finance Management Act; or

(b)     the Municipal Public-Private Partnership Regulations made in terms of section 168 of the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

[Definition of “Public Private Partnership” inserted by section 3 of Act 32 of 2004 and substituted by section 4 of Act 31 of 2013 and section 1 of Act 43 of 2014 effective on 20 January 2015]