(1) Notwithstanding section 30(2)(b) or (c) and subject to this section, an alien or alien investor may make an application for an extension of the time period stated in a notice under section 30(2) (b) or (c) to the Tribunal in the prescribed form where an alien or alien investor —
(a) has made partial payments of the prescribed non-refundable non-development fee or non-operation fee under section 30(2)(b) and has taken action to rectify the breach of a condition under section 30(2)(c);
(b) an alien or alien investor has made full payment of the prescribed non-refundable non-development fee or non-operation fee under subsection 30(2)(b) and has not taken action to rectify the breach of a condition under section 30(2)(c).
(2) An application for an extension under subsection (1), must be submitted to the Tribunal within 7 business days of service of a notice under section 30.
(3) The Tribunal may grant an extension of time, for a period not exceeding 2 years from the date specified in a notice for payment of the prescribed non-refundable non-development fee or non-operation fee under section 30(2)(b) or (c), to an alien or alien investor, if satisfied that it is reasonable to do so in the circumstances.
(4) If the Tribunal does not grant an extension of time, the Tribunal shall give written notice to the alien or alien investor or the reasons for its decision.
(5) Where an extension of time is granted or denied under subsection (3) or (4), the Tribunal shall give written notice of its decision to —
(a) the alien or alien investor;
(b) the Board;
I the Physical Planning and Development Division and the Development Control Authority;
(d) the Accountant General.