CTHIn ForceAct
A New Tax System (Goods and Services Tax Transition) Act 1999
15KInitial offer
Start here
Get a plain-English read of 15K
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax Transition) Act 1999.
15K Initial offer
(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.