(cf 1990 Reg cl 36)(1) A licensed firearms dealer must affix and keep affixed to each firearm in the dealer’s possession (other than for the purposes of maintenance or repair) a label showing the entry number for that firearm as entered in the record required to be kept under this Part and the identifying number (if any) of that firearm.(2) A licensed firearms dealer must, if notice in writing is served on the dealer by the Commissioner, furnish to the Commissioner, within such time as is specified in the notice and in the form provided by the Commissioner, such particulars relating to the acquisition, disposition or possession by the dealer of any firearms or firearm parts as are required by the notice.(3) A licensed firearms dealer must, within 24 hours after becoming aware of the loss, theft or destruction of any firearm or firearm part that was in the possession of the dealer, notify the Commissioner of that loss, theft or destruction in the form approved by the Commissioner for that purpose.(4) A licensed firearms dealer must ensure that each record required by this Act to be kept by the dealer is kept in a place of safe keeping on the premises specified in the licence (but not in a place of safe keeping in which firearms are kept).(5) A licensed firearms dealer must not take possession of any firearm for the purpose of maintaining or repairing it unless the firearms dealer has sighted both of the following:(a) the licence or permit of the person who is giving possession of the firearm to the dealer,(b) the current notice of registration of the firearm (in the case of a firearm that is required to be registered).(6) A licensed firearms dealer must not maintain or repair any firearm that is not registered.
Maximum penalty (subsections (1)–(6)): 50 penalty units.(6A) Subsection (6) does not apply in relation to a firearm that is not required to be registered.(7) The regulations may prescribe other requirements with respect to licensed firearms dealers.