75Right of members to pay into surchargeable contributions debt account

75 Right of members to pay into surchargeable contributions debt account

(1)  A member to whom this Part applies may make payments to his or her surchargeable contributions debt account to reduce in full or in part the balance of that account.

(2)  A payment made under subregulation (1) by a member is taken not to be a contribution for the purposes of the law of the Commonwealth.

(3)  On receipt of a payment under this regulation, the Commission must –

(a) credit the surchargeable contributions debt account with that amount; and

(b) take any other action required under the law of the Commonwealth.