(1) In this section "collective agreement'' means a collective agreement referred to in section 4, 15 or 16 or paragraph 4(a) of the First Schedule or in regulation 9(4) or 10(2) of the Activities of Doctors in Training Regulations.

(2) On an application being made in that behalf by any of the parties thereto, the Labour Court may, subject to the provisions of this section, approve of a collective agreement.

(3) On receipt of an application under this section, the Labour Court shall consult such representatives of employees and employers as it considers to have an interest in the matters to which the collective agreement, the subject of the application, relates.

(4) The Labour Court shall not approve of a collective agreement unless the following conditions are fulfilled as respects that agreement, namely -