(1) If not later than 31 December 1993 the Minister is satisfied that—
(a) no contract for the sale of land under this Act has been entered into; or
(b) a contract for the sale of land under this Act has been entered into but, without the issue of a Crown grant, has been brought to an end (whether by avoidance, rescission, termination, or otherwise) as a consequence of a breach of the contract by the purchaser—
the Minister must, by notice published in the Government Gazette, appoint a day for the purposes of this section, being not later than 1 March 1994.
(2) On the appointed day sections 5 and 6 are repealed .
(3) As soon as practicable after the appointed day, the Governor in Council shall, in accordance with the Crown Land (Reserves) Act 1978 , permanently reserve so much of the land described in certified plan No. 110853 as is not, in the opinion of the Governor in Council, required for buildings on that land or for extensions of or approaches to those buildings, as a site for public gardens and appoint the Melbourne City Council as Committee of Management for the land.