(1) The Mahinepua Bay reserve land is—
(a) set apart as a Māori reservation (esplanade purposes); and
(b) subject to subsection (2), vested in fee simple in the trustees to hold and administer the land for the common use and benefit of the people of New Zealand.
(2) The trustees must grant an easement over that part of the Mahinepua B1 Block shown as Area A on SO Plan 4048622 for the purposes of providing walking access for the public to the Māori reservation (as set apart under subsection (1)(a)).
(3) For the avoidance of doubt, the vesting of the Mahinepua Bay reserve land under subsection (1) is not a disposition of land by the Crown for the purposes of Part 4A of the Conservation Act 1987.
(4) The setting apart of the Mahinepua Bay reserve land as a Māori reservation under subsection (1)(a) must be treated as if it had been made under Part 17 of Te Ture Whenua Maori Act 1993 and the requirements of that Part of that Act had been satisfied.