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Astronomy Geographic Advantage Act, 2007 (Act No. 21 of 2007)

Regulations

Protection of the Karoo Central Astronomy Advantage Areas in terms of the Astronomy Geographic Advantage Act, 2007

Schedule C-Regulations on financial compensation procedures for the Karoo central astronomy advantage areas

6. Acceptance of the offer by the applicant

 

(1) Within thirty (30) days of receipt of the offer in sub-regulation 4(4), the applicant must inform the management authority in writing of its acceptance or rejection of the offer.

 

(2) If the applicant accepts the offer made in terms of sub-regulation 4(4), the management authority must pay the applicant the amount in a manner and within the period agreed upon by the applicant and the management authority, which period may not be more than sixty (60) days after receipt of notice of acceptance of the offer from the applicant.