73Pending applications for leases

### 73 Pending applications for leases > > (1)  An application for a lease is pending from the marking out of the land until whichever of the following happens first: > > > > > > (a) the application is granted; > > > > > > > (b) the application is refused; > > > > > > > (c) the application lapses; > > > > > > > (d) the application is withdrawn. > > > (2)  An application for a lease lapses 12 months after the marking out unless the Director extends that period. > > > (3)  The Director may only extend the period of 12 months if satisfied that – > > > > > > (a) the failure to determine the application is not caused by default of the applicant; or > > > > > > > (b) there is sufficient reason to do so.