(1) Upon receipt of an application, supporting information and any further information as specified under sections 3 and 4, the Minister shall submit the application to Cabinet for its consideration.
(2) Where Cabinet has approved a tourism project as an approved development —
(a) Cabinet may grant any or all of the tax reliefs and exemptions specified in this Act for the period specified;
(b) the decision of Cabinet shall specify —
(i) the tax reliefs, exemptions and the termination dates granted,
(ii) the time frame for completion of the tourism project,
(iii) a condition that the approved development must be used as such, and
(iv) any other conditions as it deems necessary.
(3) The Minister shall inform the applicant in writing of the decision of Cabinet which shall take effect as of the date of Cabinet's decision.