74Establishment of surchargeable contributions debt account

### 74 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, within one month after the day on which the assessment notice from the Taxation Commissioner is received, pay to the Taxation Commissioner the amount of the surcharge liability specified in the notice in respect of that member. > > > (3)  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. > > > (4)  If the surchargeable contributions debt account is in debit at the end of a financial year, the Commission must debit the account with interest at the rate determined under [regulation 55](#GS55@EN) . > > > (5)  The Commission, at least annually, must inform each member of the balance of the member's surchargeable contributions debt account and of any debits or credits, including interest, to that account.