Document ID: chunk:federal_register_of_legislation:F2025C00180:reg:35b
Version: federal_register_of_legislation:F2025C00180
Segment Type: reg
Provision Reference: reg 35B
Character Range: 71412–72327

35B  Notice of effect of section 71N of the Act
 (1) This section is made for the purposes of subsection 71N(4) of the Act.
 (2) If subsection 71N(3) applies, the Operator must give written notice of the reassessment decision to each person the Operator considers most appropriate in place of the reassessee.
Note 1: Section 71N of the Act requires a reassessment to be determined despite the death of the applicant.
Note 2: Sections 35 and 35A of the Act require institutions and funders of last resort specified in the determination to be given notice too.
 (3) The notice must state:
 (a) the reasons for the reassessment decision; and
 (b) the total amount of redress payable; and
 (c) if the reassessment decision results in a redress payment amount which is more than the current determination, the difference between the amount in the current determination and the amount of the additional redress payment.