(1) If a major project is abandoned or cancelled, the project proponent for the project must:
(a) notify the Authority of the abandonment or cancellation; and
(b) do so within 60 days after the project is abandoned or cancelled.
(2) A notification under subsection (1) must:
(a) be in a form approved, in writing, by the Authority; and
(b) be accompanied by such information as is specified in the legislative rules .