Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX TRANSITION) ACT 1999 - SECT 15K

             (1)  The initial offer:

                     (a)  must be in writing; and

                     (b)  must set out a change to the consideration for the supplies; and

                     (c)  must state the period (the initial offer period ) for which the offer remains open.

             (2)  The initial offer period must be a period of at least 28 days after the supplier gives the initial offer to the recipient.