The Minister may cancel a lease, granted under section 48 , of reserved land that is Crown land if –

(a) any rent due under the lease is not paid for a period exceeding one month after it has become due and remains unpaid at the end of the period specified in a notice served on the lessee by the Minister –

(i) requesting the lessee to pay the rent within the period so specified; and

(ii) advising the lessee that the lease will be cancelled if the rent and any interest on the rent at the prescribed rate is not paid within the period so specified; or

(b) the Minister considers that the lessee has committed a breach of any condition of the lease and, on notice served on the lessee by the Minister specifying the breach and requiring the lessee to satisfy the Minister within a period specified in the notice that the lessee has not committed the breach, the lessee fails so to do.