Document ID: chunk:federal_register_of_legislation:C2020A00006:clause:1_59
Version: federal_register_of_legislation:C2020A00006
Segment Type: clause
Provision Reference: sch 1 cl 59
Character Range: 28707–29203

59  At the end of section 588K
Add:
 (2) If:
 (a) a court finds a person guilty of an offence based on subsection 588GAB(1) or 588GAC(1) relating to disposition of property by a company; and
 (b) the court is satisfied that one or more creditors of the company suffered loss or damage because of the disposition and the company's insolvency;
the court may order the person to pay the company compensation equal to the loss or damage (whether or not the court imposes a penalty for the offence).