(1)Schedule 1 (which makes provision for enabling cash which—
(a)is intended to be used for the purposes of terrorism,
(b)consists of resources of an organisation which is a proscribed organisation, or
(c)is, or represents, property obtained through terrorism,
to be forfeited in civil proceedings before a magistrates’ court or (in Scotland) the sheriff) is to have effect.
(2)The powers conferred by Schedule 1 are exercisable in relation to any cash whether or not any proceedings have been brought for an offence in connection with the cash.
(3)Expressions used in this section have the same meaning as in Schedule 1.
(4)Sections 24 to 31 of the Terrorism Act 2000 (c. 11) (seizure of terrorist cash) are to cease to have effect.
(5)An order under section 127 bringing Schedule 1 into force may make any modifications of any code of practice then in operation under Schedule 14 to the Terrorism Act 2000 (exercise of officers’ powers) which the Secretary of State thinks necessary or expedient.