A New Tax System (Goods and Services Tax Transition) Act 1999

Part 3 - Agreements spanning 1 July 2000  

Division 2 - Agreements also spanning 1 July 2005  

Subdivision C - Arbitrated offers  

15M   Final offer  

The final offer:

(a) must be in writing; and

(b) must set out as a change to the consideration the assessor's determination of an appropriate change; and

(c) must state the period (the final offer period ) for which the offer remains open.

The final offer period must be a period of at least 21 days after the supplier gives the final offer to the recipient.

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