Two trusts entered the section
Section 3 of the Reserves and Other Lands Disposal Act 1981 begins by identifying land held by the Crown under the Waitangi Endowment Act 1932–33 and separate land held by the Waitangi National Trust Board under the 1932 National Trust Act. [1981 Act ss 3, 12 ↗]
The recital gives three intended outcomes: [1981 Act ss 3, 12 ↗]
43.8120 hectares of Endowment land was wanted for the Puketona Farm Settlement.
1.3100 hectares of Endowment land was wanted within the lands held by the National Trust Board.
A small group of National Trust parcels severed by Haruru Falls Road was wanted for the Puketona Farm Settlement. [1981 Act ss 3, 12 ↗]
But the immediate legal step was the same
The operative subsection then says that the land to which the section relates is declared Crown land free from any trust, subject to the Land Act 1948. [1981 Act ss 3, 12 ↗]
So the 1981 Act itself is a trust-release instrument. It does not allow us to skip directly from the recital's intended destination to proof of the later registered owner. [1981 Act ss 3, 12 ↗]
The Endowment parcels are identified as Allotments 44 and 45 Waitangi Parish, 43.8120 hectares, and Allotment 43, 1.3100 hectares. The National Trust pieces total 754 square metres and came from Part Lot 2, DP 25368, certificate of title Volume 747 folio 53. [1981 Act ss 3, 12 ↗]
What changed legally
For those specified parcels, the previous Waitangi trust character was removed by Parliament. Section 12 then authorised District Land Registrars to make the entries necessary to give the Act effect. [1981 Act ss 3, 12 ↗]
That means the ledger must record:
Endowment trust → released → Crown land
for the 43.8120 ha and 1.3100 ha parcels; [1981 Act ss 3, 12 ↗]
National Trust → released → Crown land
for the four small Haruru Falls Road parcels. [1981 Act ss 3, 12 ↗]
The recitals explain what Government wanted to do next, but the resulting disposition/title needs its own instrument or registered entry. [1981 Act ss 3, 12 ↗]
Why this matters
This is a concrete example of Parliament moving land across the boundary of a trust without dissolving the trust itself. It is therefore exactly the sort of transaction the trustee ledger must capture: [1981 Act ss 3, 12 ↗]
parcel → former trust → statutory release → immediate legal owner → intended destination → later registered disposition. [1981 Act ss 3, 12 ↗]
It also confirms why the National Trust and the Waitangi Endowment must never be combined into one asset pool. Parliament dealt with land coming out of each trust separately inside the same section. [1981 Act ss 3, 12 ↗]
Source: Reserves and Other Lands Disposal Act 1981, s 3 and s 12.