This is a Rumour network.... but BOLLOCKS..!
It would be nice of CASA if they could get you to do a class 1 yet allow you to then be down graded to class 2 after 12 months until the class 1 is re validated as far as i know they don't offer this option.
My page two says
Class 1 Expires end: (date) August 2010
Restrictions: Certain ones including
11. Special Condition: "May not exercise the privileges of an ATPL after (date) February 2010 except where the validity period of the certificate has been extended in accordance with CASR Part 67".
(By that, I take it that as long as I am not required to fly the heavier aircraft, and any other conditions requiring an ATPL, I can still operate on the Commercial Class 1. If I do another Class 1 medical to the ATPL renewal satisfaction, at any time before (date)August 2010, then another six months on the Special Condition, 12 months on the Class 1, and 24 months on the Class 2 will be available.)
Class 2 Expires end: (date) August 2011
Restrictions: Certain ones same as Class 1
(By that, I take it that as long as I don't fly commercially for hire and reward, I can still fly the 172 privately till that date.)