Fisheries Management Act 1994

The Minister may, on application by the lessee, renew an aquaculture lease for a term not exceeding 15 years.

The Minister may renew the lease if satisfied the area should continue to be available for aquaculture.

However, a lessee is entitled to the renewal of the lease if it is the first renewal of the lease (under this Act or its predecessor) after the grant of the lease.

Subject to this Part, the covenants and conditions on which a renewal of an aquaculture lease may be granted under this section are the same as the covenants and conditions on which the Minister could, at the time of the renewal, grant such a lease.

The Minister is to notify a lessee, at least 90 days before the lease is due to expire, of the date of expiry. The Minister may accept an application for the renewal of a lease that is made after the date of expiry.

If an application is made for the renewal of an aquaculture lease and the renewal is not granted before the end of the lease—

the lease continues in force until the renewal is granted or refused, and

the renewal may be granted even though the lease would, but for this subsection, have come to an end.

The regulations may make provision for or with respect to applications for the renewal of aquaculture leases.