Section 3: Invalidation of all Allocations, etc.

(1) Any lease purportedly granted by any State or local government, individual or any body corporate or unincorporate or any agency of the State or local government, in respect of any such land, before the commencement of this Act shall abate, be null and void and of no effect whatsoever.
(2) In subsection (1) of this section, "agency" includes any statutory corporation or any other statutory body (corporate or unincorporate) or any company wholly owned by the State or local government or any individual or body corporate or unincorporate.