Part 3Licences and approvals
Expiry, surrender, suspension, and revocation of licences: Disposal of arms items and ammunition after licence expires or is surrendered or revoked
162Disposal of arms items and ammunition after firearms licence expires or is surrendered or revoked
The holder of a firearms licence whose licence expires, or is surrendered or revoked, may, within 3 months or any longer period that the chief executive may allow, sell or otherwise dispose of any arms item or ammunition in their possession or under their control to a person approved for the purpose by the chief executive.
Any arms item or ammunition delivered to an officer of the Arms Regulator under subsection (1) may be detained for any period that the chief executive thinks fit, or may, in the discretion of the responsible Minister, become the property of the Crown, free and discharged from any right, title, or interest possessed by any other person.
The Minister of Finance must pay out of a Crown Bank Account compensation in respect of any arms item or ammunition that is delivered to an officer of the Arms Regulator or a member of the Police under this section and that has become the property of the Crown.



