sec.521ZLApplication for term lease renewal may become extension application for rolling term lease

### sec.521ZL Application for term lease renewal may become extension application for rolling term lease This section applies if— immediately before the commencement, a renewal application for a term lease had been made under the renewal provisions but had not been finalised under those provisions; and on the commencement, the term lease becomes a rolling term lease. After the commencement, and before the renewal application is finalised under the renewal provisions, the lessee may advise the chief executive that the lessee agrees to the renewal application being treated as an extension application. If the lessee advises the chief executive under subsection (2), the renewal application for the lease is taken to be an extension application for the lease, and must be dealt with under chapter 4, part 3, division 2, subdivision 3. If, immediately before the commencement, an offer to renew the lease had been made but not accepted, on the lessee giving advice under subsection (2), the offer is taken to have been withdrawn. If the chief executive is satisfied the lessee does not wish the renewal application to be treated as an extension application, the renewal application must be dealt with under this Act as in force immediately before the commencement. s 521ZL ins 2014 No. 29 s 97 (sec.521ZL-ssec.1) This section applies if— immediately before the commencement, a renewal application for a term lease had been made under the renewal provisions but had not been finalised under those provisions; and on the commencement, the term lease becomes a rolling term lease. (sec.521ZL-ssec.2) After the commencement, and before the renewal application is finalised under the renewal provisions, the lessee may advise the chief executive that the lessee agrees to the renewal application being treated as an extension application. (sec.521ZL-ssec.3) If the lessee advises the chief executive under subsection (2), the renewal application for the lease is taken to be an extension application for the lease, and must be dealt with under chapter 4, part 3, division 2, subdivision 3. (sec.521ZL-ssec.4) If, immediately before the commencement, an offer to renew the lease had been made but not accepted, on the lessee giving advice under subsection (2), the offer is taken to have been withdrawn. (sec.521ZL-ssec.5) If the chief executive is satisfied the lessee does not wish the renewal application to be treated as an extension application, the renewal application must be dealt with under this Act as in force immediately before the commencement. - (a) immediately before the commencement, a renewal application for a term lease had been made under the renewal provisions but had not been finalised under those provisions; and - (b) on the commencement, the term lease becomes a rolling term lease.