Renewal of Pastoral Lease. (a) The PBC agrees to the renewal, re-making or re-grant of the Pastoral Lease from time to time for any term, including a term longer than the existing term of the Pastoral Lease, or the substitution or replacement of the Pastoral Lease with a different form of pastoral leasehold tenure made available to the Pastoralist in substitution for, or as an alternative to, the renewal of the Pastoral Lease, including any statutory lease or other form of tenure allowed under any Law for that purpose, such as rolling pastoral lease tenure, where the term of the lease is periodically renewed or ‘topped up’ to the original term subject to certain conditions being satisfied by the pastoralist.
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