(1) The Minister may (a) approve the application for the transfer of a licence; or(b) refuse to approve the application until conditions specified by the Minister are satisfied; or(c) refuse to approve the application.(2) The Minister, by notice in writing, must notify the applicant of (a) the approval of the application; or(b) the conditions, if any, that must be satisfied before the Minister will approve the transfer; or(c) the refusal to approve the application and the reasons for the refusal.(3) A transfer (a) is of no effect unless approved by the Minister; and(b) takes effect, if approved, on the date of the approval.