5.—(1) On the operative date all land, which immediately before the operative date is State land and is not then vested in a State authority, shall, by virtue of this subsection, stand vested in the Minister.

(2) All land which becomes State land on or after the operative date and which does not, on becoming State land, vest, independently of this subsection, in a State authority shall, on so becoming State land, vest in the Minister.