sec.557Compensation orders (cf Corporations Act s 1317H )

sec.557 Compensation orders (cf Corporations Act s 1317H )

Compensation for damage suffered The Supreme Court may order a person to compensate a co-operative for damage suffered by the co-operative if— 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. (sec.557-ssec.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— 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 . (sec.557-ssec.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. (sec.557-ssec.3) Recovery of damage A compensation order may be enforced as if it were a judgment of the Supreme Court.

• (a) the person has contravened a civil penalty provision in relation to the co-operative; and
• (b) the damage resulted from the contravention.