353Delayed requirement to enter into land management

353 Delayed requirement to enter into land management agreement (1) This section applies if a lease, part of the lease or an interest in the lease, to which section 350 or section 351 applies has been transferred or assigned to someone (the interest holder) who has not entered into a land management agreement for the rural land described in the lease, or part of the lease, or to which the interest relates. (2) The interest holder must enter into a land management agreement for the land not later than 6 months (or any extended period) after the day the lease, part of the lease or interest, is transferred or assigned to the interest holder. (3) The territory planning authority may, in writing, extend the period under subsection (2) for entering into a land management agreement.