After section 6 of the Ballarat (Sovereign Hill) Land Act 1970 insert —
(1) A lease granted under section 6 existing immediately before the commencement of Part 4 of the Land (Miscellaneous Matters) Act 2005 has effect on and from that commencement as if the land shown hatched on the plan in Schedule 1 were included in the area of land which is subject to that lease.
(2) Nothing effected by this section—
(a) is to be regarded as placing any person in breach of, or as constituting a default under, any provision of a lease, including any provision prohibiting, restricting or regulating the assignment of the lease; or
(b) is to be regarded as fulfilling any condition which allows a person to exercise a right or remedy in respect of, or to terminate, any agreement or obligation.".