(1)  Not later than one month before the expiry of a Division 3 permit, the permit holder may apply to the Minister for an extension of the term of the permit.

(2)  Section 12A applies to the application.

(3)  On receiving an application –

(a) the Minister may extend, once only, the term of the Division 3 permit for a period not exceeding 2 years; or

(b) refuse to extend the term of the Division 3 permit, if the Minister considers that the dam works will not be completed within the period so extended.