(1)  An application to the Minister for approval of the transfer of a licence or for the variation of a licence on the transfer of a water allocation must be in accordance with section 12A .

(2)  Except as provided in section 98 , the Minister must approve an application for transfer that –

(a) is in accordance with subsection (1) ; and

(b) is consistent with the objectives of this Act and any relevant water management plan; and

(c) could not reasonably be expected to lead to material environmental harm or serious environmental harm; and

(d) will not have a significant adverse impact on other persons taking water from the relevant water resource; and

(e) if so required, is accompanied by the evidence referred to in section 104 .