140Renewal of non-compliant existing interest continued in force

140 Renewal of non-compliant existing interest continued in force (1) This regulation applies if the holder of a non-compliant existing interest continued in force under section 204(2) of the Act intends to renew the interest before the Minister has taken an action mentioned in section 204(3) of the Act in relation to the interest. (2) The holder may apply to the Minister for renewal of the interest, and the Minister may renew the interest, as if the repealed Act were still in force. (3) Section 204(2) to (5) of the Act apply in relation to the renewed interest.