(1) Notwithstanding any other Act, the Governor in Council on the recommendation of the Minister for Conservation, Forests and Lands, with the consent of the council, may by Order published in the Government Gazette close the whole or any portion of the part of Little Malop Street lying between Yarra Street and Moorabool Street in the City of Geelong.
(2) On publication of any Order under subsection (1) the land described in the Order shall cease to be part of a public road and all rights, privileges and easements existing for the public or any person on his own behalf or on behalf of any other person or persons in or in connection with the land as part of a public road shall cease and determine and the land shall—
(a) be deemed and taken for all purposes to be part of the market site; and
(b) be deemed and taken for all purposes to be included in the land the subject of the Crown grant.
(3) The Registrar-General is authorized and directed to make all entries on the Crown grant which are necessary or appropriate as a result of an Order under this section.
(4) No person or body of persons corporate or unincorporate is entitled to receive from the Crown or the City of Geelong any consideration or compensation arising from the operation of this section.