(1) The Accountant General and the Physical Planning and Development Division and the Development Control Authority shall give written notice to the Board of the failure of an alien or alien investor to —
(a) pay the prescribed non-refundable non-development fee or non-operation fee under section 30(2)(b);
(b) take action to rectify a breach of the conditions of a licence issued under the former Act or an alien landholding licence under section 30(2)(c).
(2) Where the Board is given notice under subsection (1), that an alien or alien investor has failed to make any payment or has made a partial payment of the prescribed non-refundable non-development fee or non-operation fee under section 30(2)(b) and has not taken action to rectify the breach under section 30(2)(c), the Board shall give notice to that alien or alien investor that —
(a) the licence issued under the former Act or an alien landholding licence is revoked; and
(b) the land, with respect to which that licence was issued, is liable to be forfeited to the Crown in accordance with the forfeiture proceedings set out under Part 5.