A Queensland RE licence holder wants to remain on an RE licence indefinitely. Are they permitted to do this?

1. No, they must upgrade to an R licence after 2 years
2. Yes, but only for 5 years from the date of the knowledge test pass
3. No, the RE licence automatically converts to R after passing the hazard perception test
4. Yes, they can remain on an RE licence indefinitely if they only ride LAM-approved motorcycles