sec.163Continuing effect of lease for renewal application

### sec.163 Continuing effect of lease for renewal application This section applies if the term of the petroleum lease ends before the application is decided. Despite the ending of the term, the lease continues in force until the earlier of the following to happen— the start of any renewed term of the lease; a refusal of the application takes effect; the application is withdrawn; the lease is cancelled under this Act. If the lease is renewed, subsection (2) is taken never to have applied for the period from the end of the term of the lease being renewed, as stated in that lease. s 163 amd 2011 No. 2 s 121 (sec.163-ssec.1) This section applies if the term of the petroleum lease ends before the application is decided. (sec.163-ssec.2) Despite the ending of the term, the lease continues in force until the earlier of the following to happen— the start of any renewed term of the lease; a refusal of the application takes effect; the application is withdrawn; the lease is cancelled under this Act. (sec.163-ssec.3) If the lease is renewed, subsection (2) is taken never to have applied for the period from the end of the term of the lease being renewed, as stated in that lease. - (a) the start of any renewed term of the lease; - (b) a refusal of the application takes effect; - (c) the application is withdrawn; - (d) the lease is cancelled under this Act.