41AEWhen Minister may consent to change of control

1. The Minister may consent to the change of control for the purposes of section 41AB only if the Minister is satisfied that—

2. the permit holder, given the proposed change of control,—
   1. has the financial capability to meet its obligations under the permit; and
   2. is highly likely to comply with, and give proper effect to, the work programme for the permit; and
   3. is highly likely to comply with the relevant obligations under this Act or the regulations in respect of reporting and the payment of fees and royalties; and
   4. in the case of a permit as defined in section 89D, is highly likely to comply with the relevant obligations in subparts 2 and 3 of Part 1B; and
3. if the Ministers require an outgoing guarantee under section 41I, an outgoing guarantee that the Minister considers to be appropriate has been provided in accordance with that requirement; and
4. in the case of a Tier 1 permit for exploration or mining, the permit operator, after undergoing the change of control, has, or is highly likely to have by the time the relevant work in the permit is undertaken, the capability and systems that are likely to be required to meet the health and safety and environmental requirements of all specified Acts for the types of activities to be carried out under the permit.

5. Section 29A(3) and (4) applies for the purposes of subsection (1)(b), with all necessary modifications.