Employment and Industrial Relations Act (Cap. 452), article 70

70. If a settlement of a trade di spute (being a settlement not inconsistent with any enactment, or other instrument having the force of law, regulating wages and other terms and conditions o f employment) is reached as a result of measures taken under arti cle 69, and a memorandum of the terms of that settlement has been drawn up in writing and has been signed by the parties or their representatives and a copy thereof, together with a declaration that is a settlement for the purposes of this article signed as afor esaid, has been delivered to the Minister - (a) it shall not be open to any of the parties to seek by unilateral action a revision of the terms of the settlement before the expiration of at least one year from the date of t hat settlement; and (b) any such settlement shall be binding on the parties to it, on the workers represented in the dispute and the workers affected by it and shall be binding on any successor in title of any one of the parties to the dispute. Regulations. 71. The Minister may make regulations for any of the following purposes - (a) for regulating the procedures to be followed by the Conciliation Panel and by the conciliators appointed on the panel; (b) for regulating the composi tion and procedure of courts of inquiry. Negotiating machinery for public officers.