Hendry, attempting to become the first Kiwi to win the Brodie Breeze Cup since 2003, is at 19-under after 14 holes.
He has a one shot lead on 2011 winner Brad Kennedy, who has mixed a double bogey and two bogeys with three birdies.
Three players share third place on 17-under comprising Australians Jack Lawson, who has the standout round at five-under today, and Deyen Lawson and Kiwi hope Ben Campbell, the overnight leader
Five players share sixth place on 16-under.