If:
(a) the owner or controller of an asset instructs a person holding the asset to use or deal with it; and
(b) the holder refuses to comply with the instruction; and
(c) the refusal was in good faith, and without negligence, in purported compliance with this Part; and
(d) the asset was not a freezable asset; and
(e) the owner of the asset suffered loss as a result of the refusal;
the owner of the asset is entitled to be compensated by the Commonwealth for that loss.