omit, insert--
'(1) On acceptance of the offer, the Minister may issue a lease (the new lease) in accordance with the terms of the accepted offer.
'(2) The new lease must be issued for the same purpose as the lease (the old lease) the subject of the renewal application.
'(3) Additional unallocated State land may be included in the new lease, if chapter 4, part 1, division 2 is complied with.
'(4) The new lease is issued subject to all relevant registered interests to which the old lease was subject, and in the same priorities.
'(5) On the registration of the new lease, the old lease is taken to have been wholly surrendered.
'(6) The surrender must be registered.
'(1) This section imposes conditions on a lease issued under section 162 if--
(a) the lease--
(i) is for rural leasehold land; and
(ii) is to be for a term of 20 years or more; and
(b) the lease land is 100ha or more.
'(2) There must be a current land management agreement for the lease.
'(3) The lessee must comply with the agreement.'.