15 (1) Despite Part I of the Financial Administration Act, if the Public Guardian and Trustee holds property under this Act, he or she shall hold it in trust for the benefit of the Crown until it is paid into the Consolidated Revenue Fund or otherwise dealt with. 2015, c. 38, Sched. 4, s. 15 (1). Investment (2) The Public Guardian and Trustee shall invest all money administered under this Act in accordance with the Public Guardian and Trustee Act. 2015, c. 38, Sched. 4, s. 15 (2). Payment into the Consolidated Revenue Fund (3) If the Public Guardian and Trustee has taken possession of property under section 2, he or she may pay the property, if it is money, into the Consolidated Revenue Fund at any time, subject to the following rules: 1. If the prior owner was an individual, the property shall be paid no later than the last day of the fiscal year in which the 10th anniversary of the individual’s death occurs. 2. If the prior owner was a corporation, the property shall be paid no later than the last day of the fiscal year in which the 10th anniversary of the corporation’s dissolution occurs. 3. If neither paragraph 1 nor 2 applies, the property shall be paid no later than the last day of the fiscal year in which the 10th anniversary of the Public Guardian and Trustee taking possession of the property occurs. 2015, c. 38, Sched. 4, s. 15 (3). Delayed payment (4) Despite subsection (3), the Public Guardian and Trustee may continue to hold the property that is the subject of a claim that has been made under this Act for such longer period of time as is required to administer the claim, if the administration is ongoing at the time when the payment into the Consolidated Revenue Fund would otherwise be required under this section. 2015, c. 38, Sched. 4, s. 15 (4). Taking possession after 10 years (5) Despite subsection (3), if the Public Guardian and Trustee takes possession of property under this Act within six months before or at any time after the applicable 10-year period mentioned in subsection (3) and the property is money or is converted into money, the Public Guardian and Trustee shall make the payment into the Consolidated Revenue Fund as soon as practicable. 2015, c. 38, Sched. 4, s. 15 (5). Exception, Treasury Board direction (6) Subsections (3), (4) and (5) do not apply if Treasury Board directs the Public Guardian and Trustee otherwise. 2015, c. 38, Sched. 4, s. 15 (6). Extinguishment of claims (7) Subject to subsections 5 (4), 6 (4) and 7 (7), all interests in and claims to property are extinguished upon the payment into the Consolidated Revenue Fund, even if the payment was made into the Consolidated Revenue Fund before the day this Act comes into force. 2015, c. 38, Sched. 4, s. 15 (7). Interest or income not payable (8) Subject to subsection 6 (3), no interest or income is payable by the Crown or by the Public Guardian and Trustee to any person with respect to property of which the Public Guardian and Trustee has taken possession under section 2, both before and after the property is paid into the Consolidated Revenue Fund. 2015, c. 38, Sched. 4, s. 15 (8). Not use for Crown purposes (9) Neither the holding of property under this Act by the Public Guardian and Trustee in trust for the benefit of the Crown nor the earning of interest or income on property under this Act by the Public Guardian and Trustee constitutes use of property for Crown purposes within the meaning of subsection 10 (4) of the Crown Liability and Proceedings Act, 2019. 2015, c. 38, Sched. 4, s. 15 (9); 2019, c. 7, Sched. 17, s. 70 (2). Section Amendments with date in force (d/m/y) 2019, c. 7, Sched. 17, s. 70 (2) - 01/07/2019