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(1) Where a person is convicted of an offence under this Act or under any other enactment and the act also constitutes a terrorist act, the Court shall order that property

           (a) used for, or in connection with, or

(b) obtained as proceeds from

the commission of that offence be forfeited to the Republic.

(2) Before making the order, the Court shall give a person who appears to have an interest in the property in respect of which the order is proposed to be made an opportunity to be heard.

(3) Property forfeited to the Republic shall vest in the Republic either

(a) at the end of the period within which an appeal may be made against the order where an appeal has not been made against the order; or

(b) on the final determination of the appeal if an appeal has been made against the order.

(4) Property vested in the Republic may be subject to public auction and the proceeds shall be public funds.