328Notice of decision

328  Notice of decision

Notice requirements—reviewable decisions

 (1) The System Governor must give an individual written notice of any of the following decisions within 14 days after making the decision:

 (a) a decision under subsection 324(1) to vary or revoke an income determination for the individual;

 (b) a decision under section 326 not to vary or revoke an income determination for the individual.

 (a) state that the individual is required to notify the System Governor of any events or changes in the individual’s circumstances in accordance with section 336; and

 (b) if the decision is to vary the income determination:

 (i) include details of the variation (including specifying the amount worked out as the individual’s total assessable income); and

 (ii) specify the day the variation takes effect (see subsection 324(4)); and

 (c) if the decision is to revoke the income determination:

 (i) explain the consequences of the revocation of the determination; and

 (ii) specify the day the determination ceases to be in force (see subsection 324(4)); and

 (d) set out the reasons for the following decisions:

 (i) varying or revoking the income determination under subsection 324(1);

 (ii) the day the variation or revocation takes effect under subsection 324(4); and

 (e) state how the individual may apply for reconsideration of either of those decisions; and

Notice requirements—other decisions

 (3) Within 14 days after making a decision under section 327 not to vary or revoke an income determination for an individual, the System Governor must give the individual written notice of the decision.

 (a) state that the individual is required to notify the System Governor of any events or changes in the individual’s circumstances in accordance with section 336; and

 (b) include such other matters as are prescribed by the rules.

Copies to registered provider

 (5) If the System Governor is aware that the individual has given a registered provider a copy of the notice of the making of the income determination under section 322, the System Governor must also give the registered provider a copy of the notice referred to in subsection (1) or (3) of this section (as the case may be).

Subdivision C—The value of an individual’s assets