335Notice of decision

335  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 section 331 to vary or revoke an asset determination for the individual;

 (b) a decision under section 333 not to vary or revoke an asset 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 asset determination:

 (i) include details of the variation (including specifying the value worked out as the individual’s assets); and

 (ii) specify the day the variation takes effect (see subsection 331(4)); and

 (c) if the decision is to revoke the asset 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 331(4)); and

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

 (i) varying or revoking the asset determination under subsection 331(1);

 (ii) the day the variation or revocation takes effect under subsection 331(4); and

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

Notice requirements—other decisions

 (3) Within 14 days after making a decision under section 334 not to vary or revoke an asset 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 asset determination under section 329, the System Governor must also give the registered provider a copy of the notice under subsection (1) or (3) of this section (as the case may be).

Subdivision D—Notifying of event or change in circumstances