Compensation orders (cf Corporations Act s 1317H)
557 Compensation orders (cf Corporations Act s 1317H)
(1) Compensation for damage suffered The Supreme Court may order a person to compensate a co-operative for damage suffered by the co‑operative if:
(a) the person has contravened a civil penalty provision in relation to the co-operative; and
the damage resulted from the contravention.
The order must specify the amount of the compensation and may be made under this subsection whether or not a declaration of contravention has been made under section 554.
Damage includes profits
In determining the damage suffered by the co-operative for the purposes of making a compensation order, profits made by any person resulting from the contravention or the offence are to be included.
Recovery of damage
A compensation order may be enforced as if it were a judgment of the Supreme Court.
This Act’s bill:Explanatory statement
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