Yes, the deed does say that however the easement is created both by the deed and by a deposited plan. Not that it matters but the easement by the plan was created first, then the easement by deed. The 9th schedule of the Transfer of Land Act is clear that conditions imposed by a deed cannot trump (sorry I can't remember the legal term) conditions imposed by a plan.
The conditions of the plan are for the right of carriageway by easement. So although the deed states the easement can be terminated, the plan requires an easement for right of carriageway and the 9th schedule demands that carriageway endures.
The conditions of the plan are for the right of carriageway by easement. So although the deed states the easement can be terminated, the plan requires an easement for right of carriageway and the 9th schedule demands that carriageway endures.