114Notice of significant events

114  Notice of significant events  (a) within 2 years before the commencement day, an event of a kind mentioned in subsection 35‑1(1) of the Insolvency Practice Schedule (Bankruptcy) occurs in relation to an old Act registrant; and  (b) the old Act registrant has not already informed the Inspector‑General of the event before the commencement day; the old Act registrant must lodge with the Inspector‑General a notice, in the approved form, relating to the event. (2) The notice must be lodged:  (a) if the old Act registrant is or could reasonably be expected to be aware of the event on or before the commencement day—within one month after the commencement day; or  (b) if paragraph (a) is not satisfied, but the old Act registrant is or could reasonably be expected to be aware of the event after the commencement day—within one month after the first day on which the old Act registrant is or could reasonably be expected to be aware of the event.  (a) the person is subject to a requirement under subitem (1) within the period specified in subitem (2); and  (b) the person intentionally or recklessly fails to comply with the requirement within that period. Subdivision D—Cancellation by the Inspector‑General under the old Act