This proclamation, made under the Nature Conservation Act 2002, revokes the Palmers Lookout State Reserve (Schedule 1) and publishes an accompanying plan (Schedule 2). Mechanically, it removes that parcel from the statutory reserve regime and records administration with the Department of Primary Industries and Water. Affected parties include land managers, public users and any private interests whose regulatory obligations or costs depend on reserve status; the text does not specify subsequent tenure, financial impacts or new management arrangements.