Part 3Licences and approvals
Business licences: Records
97Keeping records
A licensed business must keep at the place of business referred to in the business licence a book that records the prescribed particulars relating to transactions conducted in the course of carrying on all business activities that involve the receipt, sale, supply, or manufacture of arms items or ammunition.
A licensed business that keeps its book under subsection (1) in hard copy form must retain the book for at least 10 years from the date of the last entry in the book.
A licensed business that keeps its book under subsection (1) electronically must retain each electronic record for at least 10 years from the date on which the record is entered.
A licensed business must at all times—
- permit any officer of the Arms Regulator to inspect and make copies of any entries in the book kept under subsection (1); and
- provide, on demand, to any officer of the Arms Regulator all further information in its possession with respect to any dealings by it relating to standard firearms, airguns, pistols, pistol carbine conversion kits, restricted items, or restricted weapons.
Despite subsection (1), a licensed business need not record particulars under that subsection if—
- the particulars are declared by regulations made under section 362 to be exempt from the requirement in that subsection; or
- the licensed business provides the particulars to the chief executive in accordance with the regulations.
An individual who holds a business licence commits an offence and is liable on conviction to a term of imprisonment not exceeding 6 months, or to a fine not exceeding $10,000, if the individual, without reasonable excuse, contravenes this section.
A senior manager of a body corporate who holds a business licence that authorises the body corporate to carry on 1 or more business activities commits an offence and is liable on conviction to a term of imprisonment not exceeding 6 months, or to a fine not exceeding $10,000, if the body corporate, without reasonable excuse, contravenes this section.
Subsections (6) and (7) are subject to section 332(9).



