(1) Subject to this
Act, a general purpose lease remains in force —
(a)
where it is granted in relation to a particular mining lease and contains no
other provision for expiry, until —
(i)
it is surrendered or forfeited; or
(ii)
the date of surrender, forfeiture or expiry of the mining
lease (or any renewal thereof) in relation to which it was granted or 21 years
from the date deemed pursuant to section 79 to be the date on which the term
of the general purpose lease commenced or, if any other date of commencement
is specified in the general purpose lease, the specified date, whichever is
the longer period;
or
(b) in
any other case, for a period of 21 years or until it is sooner surrendered or
forfeited.
(2) Notwithstanding
subsection (1), on receipt of an application made in the prescribed manner
during the final year of the term of the lease, the Minister —
(a)
shall renew the term of the lease as to the whole of the land the subject of
the lease —
(i)
for one further period of 21 years; and
(ii)
on the terms and conditions to which the lease was
subject before its renewal;
and
(b) may,
in the case of a lease renewed under paragraph (a), renew or further renew the
term of the lease as to the whole or any part of the land the subject of the
lease —
(i)
for a period not exceeding 21 years; and
(ii)
on such terms and conditions as the Minister thinks fit.
(3) Where an
application for a renewal of a general purpose lease is made in respect of any
land and the term of that lease would but for this subsection expire, that
lease shall continue in force in respect to the land the subject of that
application until the application for a renewal is determined.
(4) If, after an
application for renewal is made under this section —
(a) the
holder of the general purpose lease transfers the lease; or
(b)
where there are 2 or more holders of the general purpose lease, a holder
transfers the holder’s interest in the lease,
the application
continues in the name of the transferee of the lease or interest as if the
transferee were an applicant or one of the applicants, as the case requires.
[Section 88 inserted: No. 100 of 1985 s. 61;
amended: No. 105 of 1986 s. 11; No. 12 of 1987 s. 6; No. 17 of 1999 s. 17.]