(1)  An applicant whose genuine reason for possessing a firearm is firearms collection must –

(a) be a bona fide firearms collector; and

(b) be a member of an approved society, the members of which collect firearms of the category to which the application relates.

(2)  In determining whether a firearms collector is a bona fide collector for the purposes of subsection (1) (a) , the Commissioner must be satisfied that the collection will be of significant commemorative, historical, thematic or investment value.