(1) At any time before any land has been acquired compulsorily the Governor General may, by notification published in the Gazette, declare that the intended acquisition of such land is abandoned.
(2) When the acquisition of any land is abandoned in accordance with the provisions of this section, or is deemed to be abandoned under section 9, any compensation payable by virtue of this Act shall, in default of agreement, be assessed as though it was compensation payable under this Act for the acquisition of land.
(3) Compensation shall not be payable in any case for loss of bargain or for damages for breach of contract.