(1) On receipt of a notice under paragraph 102(b), the Minister shall reconsider the question of the amount of compensation to which the person is entitled and shall, by written notice given to the person:
(a) make a final offer to the person of the amount of compensation to which the Minister considers the person is entitled in accordance with Division 1; and
(b) explain to the person how the amount of the final offer was arrived at.
(2) In reconsidering the amount of compensation to which the person is entitled, the Minister shall have regard to the information included in the notice in accordance with paragraph 102(b).
(3) If, within 2 months after the receipt of the notice, the Minister has not given the person a notice under subsection (1), the following provisions have effect:
(a) the notice given to the person under subsection 98(1) or 101A(1), (2) or (3) shall be taken to be a notice given to the person under subsection (1) of this section on the last day of that period of 2 months;
(b) the offer of compensation made in the notice under subsection 98(1) or 101A(1), (2) or (3) shall be taken to be a final offer of compensation.