Effect of acceptance of new offer of redress
71K Effect of acceptance of new offer of redress
If the reassessee accepts the new offer of redress under section 42 (as it applies in relation to the new offer of redress because of section 71H) by giving the Operator an acceptance document, the following have effect from the time the acceptance document is given, for the purposes of this Act:
the new determination set out in the reassessment decision is taken to be the determination made by the Operator under section 29;
the new offer of redress is taken to be the offer of redress made to the reassessee under section 39;
the reassessee’s acceptance of the new offer of redress is taken to be the reassessee’s acceptance of the offer of redress under section 42;
the acceptance document given by the reassessee under subsection 42(2) (as it applies in relation to the new offer of redress because of section 71H) is taken to be the reassessee’s acceptance document under section 42.
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