3   Vesting

(1)  The land described in the Second Schedule to this Act is hereby vested in His Majesty.

(2)  The said land shall be deemed to be land temporarily reserved from sale or lease under the Crown Lands Consolidation Act 1913, as amended by subsequent Acts, and may, on revocation of the reserve in accordance with the provisions of that Act, be disposed of or otherwise dealt with under the provisions of that Act.

(3)  Any estate, interest, power or right which, immediately before the commencement of this Act, was vested in or held by the Council of the Municipality of East Maitland or any other person, is hereby divested, and the said Council and all such persons are hereby discharged from any duties, liabilities or obligations existing immediately before the commencement of this Act in respect of or in relation to the said land.

(4)  Any trusts, conditions, encumbrances or dedications affecting the said land immediately before the commencement of this Act are hereby revoked and annulled.

(5)  The said land shall be deemed to be exempt from occupation for mining or mining purposes, or for residence under any miner’s right, or for business purposes under any business licence in all respects as if at the commencement of this Act the Governor had by notification pursuant to subsection three of section fourteen of the Mining Act 1906, as amended by subsequent Acts, exempted the said land from such occupation, and the provisions of that subsection, in relation to the revocation and amendment of a notification under that subsection, shall apply accordingly.