(1) A classification that has an * expiry date under section 27 - 2 ceases to have effect on that date, unless it is renewed under section 27 - 6.
(2) A classification that does not have an * expiry date under section 27 - 2 continues to have effect but may be renewed under section 27 - 6 if a reappraisal is made under section 27 - 4.
(3) Despite subsections (1) and (2), a classification under this Part has no effect in relation to a day that is on or after the * transition day.