Terrorism (Suppression of Financing) Act 2002 · 2020 Revised Edition · Part 4 · Seizure, Freezing and Confiscationof Terrorist Property
25. Implementation of forfeiture orders
Feedback & supportWhere any property is ordered to be forfeited to the Government under section 24, the Judge may make such other provision as appears to the Judge to be necessary for giving effect to the order, and, in particular, may —
property
“property” means —(a)assets of every kind, whether tangible or intangible, movable or immovable, however acquired; and(b)legal documents or instruments in any form, including electronic or digital, evidencing title to, or interest in, such assets, including, but not limited to, bank credits, travellers cheques, bank cheques, money orders, shares, securities, bonds, drafts and letters of credit;
require any of the forfeited property to be paid or handed over to the proper officer;
direct any of the forfeited property (other than money) or land to be sold or otherwise disposed of in such manner as the Judge may direct and the proceeds (if any) to be paid to the proper officer;
appoint a receiver to take possession, subject to such conditions and exceptions as may be specified by the Judge, of any of the forfeited property, to realise it in such manner as the Judge may direct and to pay the proceeds to the proper officer.
For the purposes of subsection (1) —
a reference to the proceeds of the sale, disposal or realisation of property is a reference to the proceeds after deduction of the costs of sale, disposal or realisation; and
“proper officer” means any person authorised by the Minister to receive the relevant property.