Recovery of profits from officers

In force

(1)

If a person contravenes section 119, STC may recover from the person as a debt due to STC—

(a)

if the person or another person made a profit because of the contravention—an amount equal to the profit, and

(b)

if STC suffered loss or damage because of the contravention—an amount equal to the loss or damage.

(2)

An amount may be recovered from the person under this section whether or not the person has been convicted of an offence in relation to the contravention.

(3)

This section is in addition to, and does not limit, the Confiscation of Proceeds of Crime Act 1989.

This Act’s bill:Explanatory memorandum Second reading speech

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120 Recovery of profits from officers