New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) On and from the commencement of this section, the full legal and beneficial ownership of the public foreshore and seabed is vested in the Crown, so that the public foreshore and seabed is held by the Crown as its absolute property.
(2) Subsection (1) replaces all previous statutory vestings in, and acquisitions of title by, the Crown in respect of any area of the foreshore and seabed.
(3) Subsection (1) does not affect customary rights that are able to be recognised and protected under Part 3 or Part 4.
(4) The Crown does not owe any fiduciary obligation, or any obligation of a similar nature, to any person in respect of the public foreshore and seabed.
(5) The Land Act 1948 does not apply to the public foreshore and seabed.