Queensland Consolidated Acts4. The estate and interest in the land set out and described in Schedule-3 and any improvements thereon is hereby divested from each person who, at the time the land is prescribed, is the registered proprietor or lessee and vests in the Corporation of the Roman Catholic Diocese of Toowoomba constituted under the Religious Educational and Charitable Institutions Act 1861 (repealed) completely freed and discharged from the trusts (if any) under which the land is presently held.