CORPORATIONS ACT 2001
(a) the person committed the contravention in relation to the incurring of a debt by a company; and
(b) the debt is wholly or partly unsecured; and
(c) the person to whom the debt is owed has suffered loss or damage in relation to the debt because of the company's insolvency;
the Court may (whether or not it makes a pecuniary penalty order under section 1317G or an order under section 206C disqualifying a person from managing corporations) order the first-mentioned person to pay to the company compensation equal to the amount of that loss or damage.588J(2) [ Liquidator may intervene]
A company's liquidator may intervene in an application for a civil penalty order against a person in relation to a contravention of subsection 588G(2).588J(3) [ Liquidator's right to be heard]
(a) only if the Court is satisfied that the person committed the contravention in relation to the incurring of a debt by that company; and
(b) only on the question whether the Court should order the person to pay compensation to the company.