sec.406KApplication of negotiated agreement to successor principal contractors

### sec.406K Application of negotiated agreement to successor principal contractors This section applies if— a negotiated agreement applies to a principal contractor; and at a later time, a new principal contractor becomes the successor (whether or not immediate) of the whole or part of the business of the principal contractor. From the later time— to the extent the negotiated agreement applies to the whole or part of the business, the negotiated agreement— applies to the new principal contractor; and does not apply to the previous principal contractor; and a reference in this chapter to the principal contractor, to the extent the context relates to the whole or part of the business— is a reference to the new principal contractor; and is not a reference to the previous principal contractor. s 406K ins 2022 No. 27 s 66 (sec.406K-ssec.1) This section applies if— a negotiated agreement applies to a principal contractor; and at a later time, a new principal contractor becomes the successor (whether or not immediate) of the whole or part of the business of the principal contractor. (sec.406K-ssec.2) From the later time— to the extent the negotiated agreement applies to the whole or part of the business, the negotiated agreement— applies to the new principal contractor; and does not apply to the previous principal contractor; and a reference in this chapter to the principal contractor, to the extent the context relates to the whole or part of the business— is a reference to the new principal contractor; and is not a reference to the previous principal contractor. - (a) a negotiated agreement applies to a principal contractor; and - (b) at a later time, a new principal contractor becomes the successor (whether or not immediate) of the whole or part of the business of the principal contractor. - (a) to the extent the negotiated agreement applies to the whole or part of the business, the negotiated agreement— (i) applies to the new principal contractor; and (ii) does not apply to the previous principal contractor; and - (i) applies to the new principal contractor; and - (ii) does not apply to the previous principal contractor; and - (b) a reference in this chapter to the principal contractor, to the extent the context relates to the whole or part of the business— (i) is a reference to the new principal contractor; and (ii) is not a reference to the previous principal contractor. - (i) is a reference to the new principal contractor; and - (ii) is not a reference to the previous principal contractor. - (i) applies to the new principal contractor; and - (ii) does not apply to the previous principal contractor; and - (i) is a reference to the new principal contractor; and - (ii) is not a reference to the previous principal contractor.