Meaning of “terrorist property”

(1) In this Act “terrorist property” means– (a) property intended or allocated to be used in any way for the purposes of terrorism; (b) proceeds of the commission of an act of (c) proceeds of an act carried out for the purposes (d) property owned, jointly or individually, or controlled, directly or indirectly, by or on behalf of a terrorist organisation, terrorist or person who finances terrorism; or (e) any property derived or generated from any property referred to in paragraphs (a) to (d). (2) In sub-section (1)– (a) reference to proceeds of an act include reference to any property which wholly or partly, directly or indirectly, represents the benefit obtained as a result of or in connection with the act, including payment or other reward made in relation to the act; and (b) reference to property owned or controlled by or on behalf of a terrorist organisation includes reference to any property applied or made available, or is to be applied or made available, for use by the organisation.