(1) This Act provides for the continuation of 1985 Act granted leases and the granting of new Act granted leases, and for the conditions applying to the leases, in a way that—
(a) takes account of rights and obligations under the 1985 Land Holding Act; and
(b) to the extent practicable, adopts the regime governing land and tenure management under ALA and TSILA.
(2) This Act also provides for the return to each trust area of land divested from the area under the 1985 Land Holding Act to ensure that land leased under the 1985 Land Holding Act or this Act can be—
(a) effectively administered as part of the trust area; and
(b) otherwise dealt with substantially under ALA or TSILA as may be applicable.
(3) In providing for the continuation of 1985 Act granted leases and the granting of new Act granted leases, this Act provides for the application of ALA or TSILA to the leases to the extent practicable.