Co-operatives National Law (NSW)
557Compensation orders
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557 Compensation orders
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.