sec.165Provisions and term of renewed lease

### sec.165 Provisions and term of renewed lease Subject to this section, section 123 applies to the renewed petroleum lease as if it were a petroleum lease granted under division 2 . The conditions or other provisions of the renewed lease may be different from the conditions or other provisions of the petroleum lease being renewed. The area of the renewed lease must not be more than the area of the petroleum lease being renewed immediately before the renewed lease is to take effect. See, however, section 30AC (3) in relation to acquired land that was previously in the area of the petroleum lease being renewed. If the renewal is decided before the end of the term of the petroleum lease being renewed as stated in that lease (the previous term ), the term of the renewed lease is taken to start from the end of the previous term. If the renewed lease is decided after the previous term, the term of the renewed lease starts immediately after the end of the previous term, but— the conditions of the renewed lease do not start until the lease holder is given notice of them; and until the notice is given, the conditions of the petroleum lease being renewed apply to the renewed lease as if they were its conditions. The term of the renewed lease must not be more than— if it has not been previously renewed—the original term of the lease; or if it has been previously renewed—its last renewed term. s 165 amd 2012 No. 20 s 94 (sec.165-ssec.1) Subject to this section, section 123 applies to the renewed petroleum lease as if it were a petroleum lease granted under division 2 . (sec.165-ssec.2) The conditions or other provisions of the renewed lease may be different from the conditions or other provisions of the petroleum lease being renewed. (sec.165-ssec.3) The area of the renewed lease must not be more than the area of the petroleum lease being renewed immediately before the renewed lease is to take effect. See, however, section 30AC (3) in relation to acquired land that was previously in the area of the petroleum lease being renewed. (sec.165-ssec.4) If the renewal is decided before the end of the term of the petroleum lease being renewed as stated in that lease (the previous term ), the term of the renewed lease is taken to start from the end of the previous term. (sec.165-ssec.5) If the renewed lease is decided after the previous term, the term of the renewed lease starts immediately after the end of the previous term, but— the conditions of the renewed lease do not start until the lease holder is given notice of them; and until the notice is given, the conditions of the petroleum lease being renewed apply to the renewed lease as if they were its conditions. (sec.165-ssec.6) The term of the renewed lease must not be more than— if it has not been previously renewed—the original term of the lease; or if it has been previously renewed—its last renewed term. - (a) the conditions of the renewed lease do not start until the lease holder is given notice of them; and - (b) until the notice is given, the conditions of the petroleum lease being renewed apply to the renewed lease as if they were its conditions. - (a) if it has not been previously renewed—the original term of the lease; or - (b) if it has been previously renewed—its last renewed term.