Document ID: chunk:federal_register_of_legislation:C2024C00794:section:12:p3
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 12 (pt 3/5)
Character Range: 71089–73685

new deed or to the new deeds, as the case requires.
 (1B) Any agreement in respect to an area of land that is entered into by a Land Trust that has been dissolved shall have the same force and effect, with effect from the date of dissolution of the Land Trust, as the agreement would have had if it had been entered into by the Land Trust that, after the dissolution of the first‑mentioned Land Trust held the land or by each of the Land Trusts that, after the dissolution of the first‑mentioned Land Trust, held part of the land, to which the agreement related.
 (2) A deed of grant under this section shall be expressed to be subject to the reservation that:
 (a) the right to any minerals existing in their natural condition, or in a deposit of waste material obtained from any underground or surface working, on or below the surface of the land, being minerals all interests in which are vested in the Commonwealth, remains with the Commonwealth;
 (b) the right to any minerals existing in their natural condition, or in a deposit of waste material obtained from any underground or surface working, on or below the surface of the land, being minerals all interests in which are vested in the Northern Territory, remains with the Northern Territory; and
 (c) rights to explore for minerals, and leases or licences to mine for minerals, on or below the surface of the land may be granted under section 124 of the Lands Acquisition Act 1989.
 (2AAA) Where a deed of grant executed before the commencement of the Lands Acquisition Act 1989 is expressed to be subject to a reservation that rights to explore for minerals, and leases or licences to mine for minerals, on or below the surface of the land may be granted under subsections 51(1A) and 53(2A) of the Lands Acquisition Act 1955, that reservation has effect on and after the commencement of the Lands Acquisition Act 1989 as if it were a reservation to the effect that such rights, leases or licences may be granted in accordance with section 124 of the Lands Acquisition Act 1989.
 (2AA) For the purposes of the operation of subsection (2), any interest in minerals vested in a person, other than the Commonwealth or the Northern Territory, shall be disregarded, and any reservation inserted in a deed of grant in accordance with that subsection is subject to such an interest.
 (2A) Where a deed of grant under this section relating to land in a Commonwealth reserve under the Environment Protection and Biodiversity Conservation Act 1999 takes effect at a particular time, any estate or interest that, immediately before that time, was