(1) The terms of the Waite Trust are varied to allow the Minister to vest, by notice published in the Gazette, a portion of the prescribed land as may be determined by the Minister in the Commissioner in an estate in fee simple.
(2) On the publication of a notice under subsection (1)—
(a) any land vested in the Commissioner by the notice is freed and discharged from the terms of the Waite Trust and any other relevant interests, conditions, covenants, easements or reservations; and
(b) any dedication made under the Crown Lands Act 1929 , the Crown Land Management Act 2009 or any other Act in relation to the land vested in the Commissioner by the notice is revoked.
(3) If the Commissioner no longer requires any land vested in the Commissioner under this section such land must be revested in the Minister in accordance with the scheme prescribed by the regulations.
(4) Any land revested in the Minister under subsection (3) will be taken, at the time of revesting, to be subject to the terms of the Waite Trust and any other relevant interests, conditions, covenants, easements, reservations or dedications prescribed by the regulations for the purposes of this subsection.
(5) The Registrar-General—
(a) must, on application by the Minister or the Commissioner, take such action as the Registrar-General considers appropriate to record or give effect to the vesting of land under this section (including by issuing, noting or amending any certificate of title); and
(b) may take any other action in relation to any instrument, or against any land, that may be considered by the Registrar-General to be appropriate on account of the operation of this section (including by noting that any relevant land is affected by the operation of this Act).
(6) No stamp duty is payable with respect to the vesting of land under this section.