98Time for making applications

98 Time for making applications (1) Subject to subsection (2), an application for compensation under this Part shall not be accepted unless it is made in writing: (a) within the period of 6 months after the applicant becomes aware of the defalcation or misappropriation; or (b) within such further period, not exceeding 2 years, as the Registrar, in his or her discretion and either before or after the expiration of the period referred to in paragraph (a), allows. (2) Where a notice is published under section 97, an application for compensation under this Part in respect of a defalcation or misappropriation committed before the publication of the notice shall be made: (a) before the expiration of the period specified in the notice; or (b) within such further period, not exceeding 2 years, as the Registrar, in his or her discretion and either before or after the expiration of that period, allows.