West Lakes Development Act 1969

Subject to subsection (2) of this section, where—

pursuant to the Indenture any allotment, within the meaning of the Real Property Act 1886 of land within West Lakes has been transferred to the Corporation; and

the allotment of land—

has not been disposed of by the Corporation; or

has had no completed buildings to the value of or exceeding three thousand dollars erected thereon by or on behalf of the Corporation; or

has had no work of the value of or exceeding three thousand dollars done thereon by or on behalf of the Corporation, such allotment shall, if the Corporation does not, within fourteen days after receiving a request in writing from the Minister so to do, transfer to the Minister an estate in fee simple in such allotment or satisfy the Minister that the scheme and development referred to in paragraph (h) of clause 5 of the Indenture will be proceeded with within a reasonable time, on the publication in the Gazette of a notice under the seal of the Minister, vest for an estate in fee simple in the Minister without the payment of any compensation by the Minister.

The Minister shall not cause to be published in the Gazette the notice referred to in subsection (1) of this section if the Minister has notified the Corporation that the Minister is not satisfied that the scheme and development referred to in subsection (1) of this section will be proceeded with within a reasonable time and the Corporation has notified the Minister in writing that the Minister should have been so satisfied, or in the event of either the Minister notifying the Corporation or the Corporation notifying the Minister of any question arising as to what is a reasonable time, unless the Minister and the Corporation have reached agreement on the matter or matters in dispute, or the matter or matters in dispute has or have been determined by arbitration in accordance with the arbitration clause.