35CNotice of effect of section 71P of the Act

#### 35C Notice of effect of section 71P of the Act (1) This section is for the purposes of subsection 71P(4) of the Act. (2) If subsection 71P(3) applies, the Operator must give written notice of the reassessment decision to the person the Operator considers most appropriate in place of the reassessee. > Note 1: Section 71P of the Act requires a reassessment to be determined despite the death of the applicant as if the applicant had agreed to a reassessment. > 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.