This Part, other than section 148 and this section, expires at the end of the period of 10 years beginning with the date on which CLA regulations are first made.
Subsection (1) does not affect—
any community land auction arrangement which is put in place before the expiry of this Part (whether or not it comes to an end before this Part expires);
any CLA option, or allocation of land for development in a local plan, that is made under a community land auction arrangement which is put in place before the expiry of this Part (whether or not it comes to an end before this Part expires);
the treatment of any CLA receipts after the expiry of this Part.
Subsections (1) and (2) are subject to such transitional, transitory or saving provision as may be made by CLA regulations in connection with the expiry of this Part.