(1) Subject to subsection (2), the Authority shall take all reasonable steps to give the participant entitled to an unclaimed balance, as soon as is practicable after the end of the dormancy period referred to in section 90(1), written notice of the following:

(a) that there is an unclaimed balance to which the participant appears to be entitled;

(b) that if a specified event does not occur in relation to the unclaimed balance on or before 31 March next following, the balance will be transferred to the Dormant Accounts Fund without further notice to the participant;

(c) that the participant is entitled to claim the balance in accordance with this Part;

(d) any other matters that may be prescribed.