(1)  A person must not sell, acquire, possess or use a firearm that is not registered.

Penalty:  Fine not exceeding 50 penalty units or imprisonment for a term not exceeding 2 years, or both.

(2)  Subsection (1) does not apply to –

(a) an imitation firearm; or

(ab) a firearm that is registered in another State or a Territory and that is possessed and used in accordance with a corresponding licence; or

(b) a firearm imported and acquired by a licensed firearms dealer so long as the firearm is registered within 7 days of the dealer receiving it.