164H
In forceApplication for term lease renewal may become extension application
Chapter 4Land holdings
Part 3Leases
Division 2Expiry, renewal and extension
Subdivision 4Possible extension instead of renewal
164H Application for term lease renewal may become extension application
(1)
This section applies if—
(a)
a renewal application for a term lease that is not a rolling term lease is made under the renewal provisions; and
(b)
before the renewal application is finalised under those provisions, the lessee advises the chief executive that the lessee agrees to the lease becoming a rolling term lease; and
(c)
the lease is the subject of an approval of the Minister under section 164(1) and becomes a rolling term lease.
(2)
The renewal application for the lease is taken to be an extension application for the lease, and must be dealt with under subdivision 3.
This Act’s bill:Explanatory memorandum
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