47Classification of property

47 Classification of property (1) If the Chief Inspector reasonably believes that any of the criteria or circumstances specified in a determination of classifications apply in relation to a property, the Chief Inspector may give the property a classification by reference to the determination. (1A) The Chief Inspector must revoke a classification under subsection (1) if the criteria or circumstances on which the classification is based no longer apply to the property. (2) The Chief Inspector must give the owner of a classified property written notice of the classification or revocation of classification.