(1) The Regulator must
not issue the licence unless the Regulator is satisfied that any risks posed
by the dealings proposed to be authorised by the licence are able to be
managed in such a way as to protect —
(a) the
health and safety of people; and
(b) the
environment.
(2) For the purposes
of subsection (1), the Regulator must have regard to the following —
(a) if a
risk assessment has been prepared under section in relation to those dealings
— the risk assessment;
(b) if a
risk management plan has been prepared under section 50 in relation to those
dealings — the risk management plan;
(c) any
submissions received under section 52 in relation to the licence;
(d) any
policy guidelines in force under section 23 that relate to —
(i)
risks that may be posed by the dealings proposed to be
authorised by the licence; or
(ii)
ways of managing such risks so as to protect the health
and safety of people or to protect the environment.