Section 23

Any person who has made a deposit or furnished any security under section 20(6), and who subsequently decides not to proceed with the erection of any building, without having commenced any building operations, may give written notice to the Authority of the person’s intention not to proceed with the erection of the building.

The Authority must, on an application in writing by a person who has given such a notice, refund the deposit or return the security, in whole or in part as it may determine, after the cancellation of the approved plan by the Commissioner of Building Control.