Jabiru-2 launch date scheduled., page-7

The conditions are in the announcement.
1. in progress review of accounts given to the financiers
2. implement governance matters identified by the Lancaster report conducted around June/July
3. appoint two interdependent directors - approved by the financiers - Mr Sage already appointed

it would seem the outstanding is in hand; that is implement new internal framework (probably renewed focus on appropriate risk management) and appoint another independent director.

Nothing to sinister in any of that, I feel. The waiver could hardly be unconditional or there would not have been a case to answer in the first place.