(1) If:
(a) the Minister specifies land under section 21; and
(b) immediately before the land vests in the Trust under section 22, the Commonwealth is a party to an agreement or instrument that relates to the land;
then the Minister may specify, in writing, the agreement or instrument for the purposes of this section.
(2) An agreement or instrument specified under this section has effect, after the land vests in the Trust, as if:
(a) the Trust were substituted for the Commonwealth as a party to the agreement or instrument; and
(b) any reference in the agreement or instrument to the Commonwealth were (except in relation to matters that occurred before the land vested) a reference to the Trust.