"what are these conditions?" Conditions of the waiver The waiver...

"what are these conditions?"

Conditions of the waiver
The waiver includes a requirement for an aggregate US$40 million in new equity and/or mezzanine funding to be raised over the next 3 months. The new capital required is approximately 6% of the total project value, as previously announced to the ASX on 6 August 2014, and discussions with multiple parties give the Company a high degree of confidence that capital is available from a range of sources. The new capital is to fund certain Jabiru-1 satellite project accounts, fund a reserve to support the working capital of the teleport business and to repay all outstanding debt under the loan from Ever Tycoon Limited announced to the ASX on 12 June 2014.
Conditions to the waiver also include completion of an in progress review of accounts on behalf of the financiers, corporate governance matters and requiring the Company to implement the Lancaster Report announced to the ASX on 6 June 2014.
The implementation includes new internal frameworks, processes and reporting, along with the appointment of two new independent non-executive directors, each appointee being to the satisfaction of the financiers and such that the Company’s Board of Directors comprises a majority of independent non-executive directors.

The Company has already satisfied some conditions in the waiver including the appointment of an interim CFO, the appointment of Linda Dillon as permanent fulltime CFO and Company Secretary, and Roderic Sage as Independent Non-Executive Director.