Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 11 - EXTERNAL ADMINISTRATION  

PART 11-2 - SPECIAL ADMINISTRATION  

Division 496 - Effect of appointment of special administrator on officers of the corporation  

SECTION 496-20   ORDER FOR COMPENSATION WHERE OFFICER INVOLVED IN VOID TRANSACTION  

496-20(1)    
If:

(a)    

a court finds that a person committed an offence constituted by a contravention of subsection 496-15(5) (including such an offence that is taken to have been committed because of section 11.2 or 11.2A of the Criminal Code ); and

(b)    the court is satisfied that the Aboriginal and Torres Strait Islander corporation or another person has suffered loss or damage because of the act or omission constituting the offence;

the court may (whether or not it imposes a penalty) order the first-mentioned person to pay compensation to the corporation or other person, as the case may be, of such amount as the order specifies.

496-20(2)    
An order under subsection (1) may be enforced as if it were a judgment of the court.

496-20(3)    
The power of a court under section 576-1 to relieve a person from liability as mentioned in that section extends to relieving a person from liability to be ordered under this section to pay compensation.