4.—(1) The F57[appropriate Minister] may, if and whenever he thinks proper so to do, accept a surrender of any lease or licence of foreshore belonging to F58[the State] whether such lease or licence was made or granted under this Act or before the passing of this Act.

(2) The F59[appropriate Minister] may, if and whenever he thinks proper so to do, waive or release by deed under his official seal any covenant or condition contained in any lease or licence (whether made or granted under this Act or before the passing of this Act) of foreshore belonging to F60[the State], whether a breach of such covenant or condition has or has not taken place, and may also, if and whenever he thinks proper so to do, waive any breach (whether occasioning or not occasioning a forfeiture) of any covenant or condition contained in any such lease or licence.

(3) The F61[appropriate Minister] may accept a surrender, waive or release a covenant or condition, or waive a breach of covenant or condition under this section either, as he thinks proper, without consideration or for such consideration as he thinks proper.