Part 2General requirements
Requirements for carrying on business activities: Requirements relating to possession of certain arms items for business activities
59Requirements relating to possession of restricted part for business activities
A licensed business may possess a restricted part for the purpose of carrying on a business activity if—
- the holder of the business licence is authorised to carry on the business activity in relation to the restricted part; and
- the business licence bears an endorsement permitting the possession of a restricted firearm; and
- either—
- the holder of the business licence has been issued with a permit to import the restricted part; or
- the restricted part has been obtained from—
- a person who holds a firearms licence that bears an endorsement permitting the possession of a restricted firearm; or
- a licensed business and the business licence is held by the individual (in the case of a licensed business that is an individual) or a senior manager of a body corporate (in the case of a licensed business that is a body corporate) that bears an endorsement permitting the possession of a restricted firearm.
- a person who holds a firearms licence that bears an endorsement permitting the possession of a restricted firearm; or
- the holder of the business licence has been issued with a permit to import the restricted part; or
A licensed business that is an individual commits an offence and is liable on conviction to imprisonment for a term not exceeding 3 years, or to a fine not exceeding $20,000, if the individual, without reasonable excuse, contravenes subsection (1).
The senior manager of a body corporate that is a licensed business commits an offence and is liable on conviction to imprisonment for a term not exceeding 3 years, or to a fine not exceeding $20,000, if the body corporate, without reasonable excuse, contravenes subsection (1).
Subsections (2) and (3) are subject to section 334.



