4.—(1) For the purposes of this Order, the Minister may —
(a)
specify a date before which the construction of the buildings in the premises of an approved tourist project shall be completed;
(b)
require the owner to fulfil or comply with any other condition specified by the Minister in connection with an approved tourist project.
(2) Where the construction of the buildings in the premises of an approved tourist project is completed later than the date specified by the Minister, the period during which the annual value is to be computed in accordance with paragraph 3 shall be reduced by a period equal to the delay in completion.
(3) Where the owner has not fulfilled or has failed to comply with any condition as required under paragraph 4(1)(b), the premises of an approved tourist project shall not be assessed under this Order.