Where, in respect of town lands, before the expiration of the period referred to in section 26I (b) (i):
(a) an overdue rate, and all other rates due and in arrears, are paid to the Blaxland Shire Council, or
(b) an arrangement satisfactory to the Blaxland Shire Council for repayment of the rates referred to in paragraph (a) is entered into by the owner,the Minister shall not make a declaration under section 26G.