close. a 1.y or 2.y are approved versions, at some point in time the version (and that depends upon what the organization has decided) will get revved up to the next X level. the minor ys have been basically approved but not enough to make the document go to the next whole version. maybe once a year you get all the minor versions ratified and the whold document becomes a new version
OK. I’m beginning to get the hang of this “x.y” version numbering.
In the red corner, we have the view that when “y” is zero, it means “approved” while when “y” is anything else, it means “unapproved draft”. So for example 1.0, 2.0 etc. are approved, 1.1, 3.127 are draft. To put it another way, the “y” has an implicit second meaning.