The Court convicting a child of an offence for which a fine or imprisonment is stated by law as the penalty, may impose any one of the following penalties in place of that fine or imprisonment —
(a) symbolic compensation to a specified person or institution;
(b) payment of compensation not exceeding five thousand dollars to a specified person or institution if the child or his or her family is able to make that payment;
(c) an obligation on the child to provide a service or benefit or to pay compensation to a specified organisation identified by the child or by the Court, if there is no identifiable person to whom restitution or compensation could be made; or
(d) another sentence under this Act, except imprisonment.