Subject to the provisions contained in the Imperial
Act of the 18th and 19th Victoria chapter 54 and of an Act of the 18th and
19th years of Her Majesty entitled An Act to repeal the Acts of Parliament now
in force respecting the Disposal of the Waste Lands of the Crown in Her
Majesty’s Australian Colonies and to make other provisions in lieu thereof
which concern the maintenance of existing contracts it shall be lawful for the
legislature of this State to make laws for regulating the sale letting
disposal and occupation of the waste lands of the Crown within the said State.
.........
The entire management and control of the waste lands belonging to the Crown in the said State and also the appropriation of the gross proceeds of the sales of such lands and all other proceeds and revenues of the same from whatever source arising within the said State including all royalties mines and minerals shall be vested in the legislature of the said State.