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

Creates a mandatory licensing scheme for operators, with annual fees set by the minister on advice from the new oversight body

Requires the minister to table an annual report on the operation of the scheme in each house of parliament by 31 March each year

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