33 (1) If the Minister disposes of forfeited corporate property under this Act and there are proceeds of the disposition, the Minister may direct that payments be made in accordance with this section and the regulations, if any. Maximum amount (2) The total amount of payments that may be made following a particular disposition of forfeited corporate property under this Act shall not exceed the amount equal to the proceeds of the disposition, less any amounts deducted under section 30. Deduction of amounts due to the Crown (3) The amounts due to the Crown in relation to the property, as determined under section 30, may be deducted before any payments are made under subsection (5) or any payment into court is made under clause (7) (a). Notice respecting disposition (4) No later than 15 days after property is disposed of under this Act and before any payments are made under subsection (5) or any payment into court is made under clause (7) (a), the Minister shall give notice to the persons or entities the Minister identifies as potentially being entitled to receive payments out of the proceeds of disposition, indicating that the property has been disposed of and that the Minister intends to distribute the proceeds in accordance with this Act. Order of priority for remaining proceeds (5) Payments out of the proceeds of disposition shall be made in the following order of priority: 1. To pay, according to their priority at law, any amounts in respect of trusts in favour of the Crown in right of Canada created by an Act of Parliament, if the trusts create beneficial interests in the property. 2. To pay, according to their priority at law, any amounts in respect of trusts in favour of the Crown in right of Ontario created by a statute, if the trusts create beneficial interests in the property. 3. To pay, as the case may be, i. any unpaid real property taxes and penalties and interest on those taxes, or ii. any property taxes owing to the Crown under the Provincial Land Tax Act, 2006. 4. To pay, according to their priority at law, any amounts required to satisfy encumbrances to which the property is subject at the time of disposition, if the disposition is subject to a condition requiring that the encumbrances be satisfied. 5. To pay any other amounts owing in respect of the property to the Crown in right of Canada, the Crown in right of Ontario or a municipality, as follows: i. If the total of the amounts owing is less than or equal to the remaining proceeds of the disposition, to pay those amounts in full. ii. If the total of the amounts owing is greater than the remaining proceeds of the disposition, to pay each of the Crown in right of Canada, the Crown in right of Ontario and each municipality, in proportion to their portion of the total amount owing. Exception, agreement as to order of priority (6) Despite subsection (5), if all persons or entities the Minister identifies as being potentially entitled to receive payments enter into an agreement with the Minister setting out an alternative proposed distribution, the Minister shall make the payments in accordance with the agreement. Disputes (7) If the Minister determines there is a dispute in respect of the distribution, the Minister may, (a) pay into the Superior Court of Justice the total amount that may be distributed, and submit with the payment a statement naming the persons or entities the Minister identifies as being potentially entitled to receive payments and the reasons for which the Minister determined there was a dispute; or (b) follow the prescribed process, if any, for resolving the dispute. Same, publication (8) The statement mentioned in clause (7) (a) shall be in a form approved by the Minister, which form shall be published on a Government website or on another website available to the public. Copy of statement (9) Within 15 days after making a payment into court under clause (7) (a), the Minister shall provide a copy of the statement mentioned in that clause to the persons or entities the Minister identifies as potentially being entitled to receive payments. Application for payment out of court (10) If the Minister makes a payment into court under clause (7) (a), any person claiming entitlement may, within 90 days after the payment into court is made, apply to the Superior Court of Justice for an order for payment out of court of the amount to which the person claims entitlement. Same, notice (11) The applicant shall serve notice of the application on all other persons or entities identified in the Minister’s statement described in clause (7) (a). Same, determination of entitlements (12) On an application under subsection (10), the court shall determine all persons who are entitled and the amount that they should receive out of the remaining amount. If no application (13) If no application is made within the 90-day period referred to in subsection (10), all other claims and interests in respect of the amount paid into court are extinguished and the Minister may apply for an order for payment out of court of that amount. If amount remains (14) If an amount remains after the court determines the entitlements under subsection (12), the remaining amount is deemed to be the property of the Crown and all other claims and interests with respect to the amount are extinguished and the Minister may apply for an order for payment out of court of that amount.