166. (1) Where it is proposed that a lease of Territory Land be granted, the Executive may—
(a) establish a panel to conduct an Inquiry into whether the proposed lease should be granted; or
(b) direct that an Assessment be made into the possible environmental impact of a decision to grant the lease.
(2) Where the Executive establishes a panel to conduct an Inquiry, or directs an Assessment to be made, pursuant to subsection (1), the Executive—
(a) shall not grant the proposed lease until—
(i) in a case where a panel is established to conduct an Inquiry—the panel has reported to the Executive and the Executive has considered the report; or
(ii) in a case where a direction has been given for an Assessment to be made—the Assessment has been completed and the Executive has considered the environment report or the environmental impact statement forming part of the Assessment; and
(b) shall review the provisions of the proposed lease taking into consideration the environment report, environmental impact statement or report of the panel established to conduct the Inquiry, as the case requires.