Where a person contravenes or fails to comply with a provision of these regulations in relation to the Authority, the Authority may, whether or not the person has been convicted of an offence against these regulations in relation to that contravention or failure to comply, recover from the person as a debt due to the Authority by action in any court of competent jurisdiction –

(a) if that person or any other person made a profit as a result of the contravention or failure, an amount equal to that profit; and

(b) if the Authority has suffered loss or damage as a result of the contravention or failure, an amount equal to that loss or damage.