(1)
Subsection (2) applies if, by the time a pastoral lease expired,—
the Commissioner and the holder had agreed that, subject to the fixing of the amount of the rent to be paid under it, it would be renewed; but
that amount had not yet been fixed.
(2)
The Commissioner may grant a renewal of the lease to the same extent, and in the same manner, as if it had not expired, but the renewal takes effect from its expiry.
Section 16: replaced, on 17 November 2022, by section 8 of the Crown Pastoral Land Reform Act 2022 (2022 No 22).