(1) Where any court imposes a fine under this Act for which no specific application is provided therein, the court may, if it thinks fit, direct the whole or any part of the fine—
(a) to be applied in compensating any person for any wrong or damage which the person has sustained by the act or default in respect of which the fine is imposed; or
(b) to be applied in or towards payment of the costs and expenses of the proceedings.
(2) Subject to any direction under subsection (1) or any specific application provided under this Act, every fine shall be paid into the Consolidated Fund.