2. (1) The Industrial Relations (Regulation) Ordinance, 1982 (XXVI of 1982), hereinafter referred to as the said Ordinance, is hereby repealed. (2) Notwithstanding such repeal - (a) any registered trade union declared as collective bargaining agent for an establishment or group of establishments under the said Ordinance shall be deemed to be collective bargaining agent for such establishment or group of establishments under the Industrial Relations Ordinance, 1969 (XXIII of 1969), and shall continue to be such collective bargaining agent for the remainder of its term: Provided that if any other registered trade union in such establishment or group of establishments, by an application addressed to the Registrar of Trade Unions, objects to such continuance, a new collective bargaining agent shall be determined under the Industrial Relations Ordinance, 1969 (XXIII of 1969), within six months of such objection; (b) any settlement reached between an employer and a collective bargaining agent in any industrial dispute under the said Ordinance shall remain in force for the period stipulated therein; (c) any industrial dispute awaiting settlement under the said Ordinance at the time of its repeal shall be deemed to be an industrial dispute under the Industrial Relations Ordinance, 1969 (XXIII of 1969), and shall be dealt with under that Ordinance.