Northern Territory Numbered Acts Northern Territory Numbered Acts(1) If an accredited person proposes to sell or otherwise transfer any railway operations for which the person is accredited, the Director may, on an application for accreditation under this Part being made by the proposed transferee, waive compliance by the proposed transferee with any one or more of the requirements of this Division.
(2) The Director must not waive compliance with any such requirements unless the proposed transferee demonstrates, to the satisfaction of the Director, that the proposed transferee has the competence and capacity to comply with the relevant requirements of this Division that apply to applicants for accreditation of the appropriate kind.
(3) A waiver of compliance with requirements may be given subject to any conditions and restrictions the Director considers necessary.