557Compensation 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

(b) 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.

(2) 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.

(3) Recovery of damage

A compensation order may be enforced as if it were a judgment of the Supreme Court.