170. (1) Subject to subsection (2), where a person who is entitled to the grant of a lease of Territory Land pursuant to this Part fails to—
(a) accept and execute the lease; or
(b) pay any amount that he or she is required to pay before being granted the lease;
within the prescribed period, the Executive may, by instrument served on the person, terminate his or her right to the grant of the lease.
(2) An instrument under subsection (1) shall—
(a) specify the ground on which it is given; and
(b) state that it takes effect on the day 28 days after the day on which it is served.
(3) An instrument under subsection (1) may be served on a person by—
(a) delivering it to the person personally;
(b) sending it to the person by post; or
(c) where the residential address of the person is not known to the Executive—publishing a copy of the instrument in a daily newspaper.
(4) An instrument under subsection (1) shall take effect on the day 28 days after the day on which it is served.
(5) A person whose right to the grant of a lease has been terminated under this section shall not have any claim for compensation in respect of the termination of the right or for the recovery of any monies paid to the Executive in respect of the grant of the lease.