39Establishment of surchargeable contributions debt account

### 39 Establishment of surchargeable contributions debt account > > (1)  On receipt of the first assessment notice from the Taxation Commissioner in respect of a member to whom this Part applies, the Commission must establish a surchargeable contributions debt account in respect of that member. > > > (2)  The Commission must debit the surchargeable contributions debt account with the amount of any surcharge liability specified in the assessment notice relating to the member. > > > (3)  If the surchargeable contributions debt account is in debit at the end of a financial year, the Commission must debit the account with interest, in accordance with the law of the Commonwealth. > > > (4)  If a pension or other benefit becomes payable by the Commission to a member whose account is in debit, the Commission must pay to the Taxation Commissioner, within one month after the day on which the lump sum or the first instalment of pension becomes payable, the amount by which the account is in debit in respect of that pension or other benefit. > > > (5)  The Commission, at least annually, must inform each member of the balance of his or her surchargeable contributions debt account and of any debits or credits, including interest, to that account.