49Extension of term of pastoral lease

49 Extension of term of pastoral lease (1) A pastoral lessee may at any time before the commencement of the last 2 years of the term of his or her pastoral lease apply to the Minister for an extension of the term of the pastoral lease. Pastoral Land Act 1992 33 (2) Subject to Division 4, the Minister may by notice in writing to the pastoral lessee, extend the term of the pastoral lease or advise the pastoral lessee that the application has been refused. (3) The term of a pastoral lease shall not be extended under this section for a period greater than 25 years from the date on which it would otherwise expire.