12Failure to accept and execute lease

12 Failure to accept and execute lease

Failure to accept lease and pay amounts before grant (1) This section applies if, within the period ending 20 business days after being given a lease for execution, a person who has been offered the grant of a lease under this Ordinance fails to: (a) accept and execute the lease; or (b) pay any money the person is required to pay before being granted the lease. Notice of withdrawal of offer or right to grant of lease (2) The Minister may, by notice in writing given to the person, withdraw the offer or otherwise terminate the person’s right to be granted the lease. (3) A notice given under subsection (2) must: (a) state the grounds on which it is given; and (b) specify the day on which it takes effect, which must be not less than 20 business days after the day it is given. Notice may be given to proposed lessee’s agent (4) This subsection applies if: (a) a bid or an application for the grant of a lease has been made on behalf of a person (the proposed lessee) by an agent of the proposed lessee; and (b) the proposed lessee has not provided written confirmation to the Minister of the agent’s authority to act or ratified the bid. (5) If subsection (4) applies, a notice under subsection (2) may be given to the agent of the proposed lessee. No entitlement to compensation etc. (6) A person whose offer has been withdrawn or whose right to be granted a lease has ended under this section has no claim for compensation against the Commonwealth or for the recovery of any money paid to the Commonwealth in relation to the grant of the lease.