Repeals sections 14 through 22 of the existing Act, replacing them with a streamlined single-stage approval process administered by the department

Requires all affected parties to submit quarterly compliance reports to the relevant minister within 60 days of each quarter's end

Introduces criminal penalties of up to 5 years imprisonment for intentional and repeated breaches of the primary obligation

Provides a 12-month transitional period during which existing operators may continue under prior arrangements while seeking a new licence