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

Extends the existing sunset clause by three years, from 2024 to 2027, pending a statutory review to be tabled in both chambers

Amends the definition of 'eligible entity' to include partnerships and trusts with annual turnover exceeding $10 million

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