Compensation is payable under this part to the owner of—
(a) an animal, plant or property that has been destroyed in accordance with an emergency declaration; and
(b) an animal or plant if the director-general is satisfied that—
(i) the animal or plant has died because of emergency biosecurity matter; and
(ii) there has been no unreasonable delay in reporting the death of the animal or plant; and
(iii) the destruction of the animal or plant would have been required under this Act had the animal or plant not died.