(1) A firearms corporate licence authorises the holder to possess only firearms of a category specified in the licence.
(2) The holder of a firearms corporate licence must not permit a person to possess or use a firearm held under the licence unless the person:
(a) is the holder of a firearms employee licence, is an employee of the holder of the corporate licence, and the firearm is in the possession of the person for a purpose relating to his or her duties as an employee; or
(b) is the holder of a firearms instructor licence, is an employee or is otherwise engaged by the holder of the corporate licence in the capacity of an instructor, and the firearm is in the possession of the person for a purpose relating to his or her duties as an employee or instructor; or
(c) holds a relevant permit to possess and use a firearm of the type possessed under the corporate licence and the possession and use is in accordance with the conditions applying to the corporate licence.
Maximum penalty: If the offender is an individual – 200 penalty units or imprisonment for 12 months.
If the offender is a body corporate – 1 000 penalty units.