45Term of assessment lease

#### 45 Term of assessment lease 45 Term of assessment lease > An assessment lease— > > > (a) takes effect on the date on which it is granted or on such later date, or on the occurrence of such later event, as the decision-maker may determine, and > > > (b) ceases to have effect on the expiration of— > > > > > (i) 2 years after the date on which it took effect, in the case of an assessment (mineral owner) lease, or > > > > > (ii) such period (not exceeding 6 years) as the decision-maker determines, in the case of any other assessment lease. > > **s 45:** Subst 2008 No 19, Sch 1 \[40\]. Am 2015 No 40, Sch 1 \[24\].