On the revocation by this Part of the Order in Council specified in item 7 of Schedule 1 reserving land—
(a) subject to section 23, that land is taken to be unalienated land of the Crown, freed and discharged from all trusts, limitations, reservations, restrictions, encumbrances, estates and interests; and
(b) the appointment of any committee of management of that land is revoked to the extent that it relates to that land; and
(c) the appointment of any trustee of that land is revoked to the extent that the appointment relates to that land; and
(d) any regulations under section 13 of the Crown Land (Reserves) Act 1978 are revoked to the extent that they apply to that land.