(1) A person who has made an application under this Act may give the chief executive a notice withdrawing the application at any time before any decision about the application takes effect.
(2) The withdrawal takes effect when the notice is given.
(3) If the applicant is a preferred tenderer for a call for tenders, the withdrawal does not affect the Minister’s power to appoint another tenderer from the tenders made in response to the call to be the preferred tenderer.