South Australian Numbered Acts South Australian Numbered Acts22—Amendment of section 37—Conversion of pilot leases to production leases
(1) Section 37—delete "development lease" wherever occurring and substitute in each case:
pilot lease
(2) Section 37(2)—after "60 days" insert:
and not less than 30 days
(3) Section 37(3)—delete "not more than 60 days before the end of the last term for which the development lease may be renewed" and substitute:
not more than 90 days and not less than 60 days before the end of a term of the pilot lease
(4) Section 37(3)—before paragraph (a) insert:
(aa) the aggregate of the terms of the pilot lease exceed 3 years; and
(5) Section 37—after subsection (4) insert:
(4a) Despite subsections (2) and (3), the Minister may, at his or her discretion and on payment of the fee fixed by regulation, accept a late application for conversion of a pilot lease made before the end of the term of the lease.
(6) Section 37—after subsection (5) insert:
(5a) If an application for conversion of a pilot lease has not been determined before the end of the term of the pilot lease, the term of the pilot lease is extended until such time as the application is determined (even if the aggregate of the terms of the lease will then exceed 5 years).