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A New Tax System (Goods and Services Tax Transition) Act 1999
15KInitial offer
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#### 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.