FIREARMS ACT 1996 - SECT 101B Prohibition on providing financial accommodation for the illegal acquisition or disposal of firearms
FIREARMS ACT 1996 - SECT 101B
Prohibition on providing financial accommodation for the illegal acquisition or disposal of firearms(1) A person must not lend money, guarantee the lending of money or otherwise provide financial accommodation for the purpose of acquiring or disposing of a category A or B longarm—
(a) knowing that the acquisition or disposal does not comply with this Act; or
(b) being reckless as to whether or not the acquisition or disposal complies with this Act.
Penalty: 120 penalty units or 2 years imprisonment.
(2) A person must not lend money, guarantee the lending of money or otherwise provide financial accommodation for the purpose of acquiring or disposing of a category C or D longarm or a general category handgun—
(a) knowing that the acquisition or disposal does not comply with this Act; or
(b) being reckless as to whether or not the acquisition or disposal complies with this Act.
Penalty: 240 penalty units or 4 years imprisonment.
(3) A person must not lend money, guarantee the lending of money or otherwise provide financial accommodation for the purpose of acquiring or disposing of a category E longarm or a category E handgun—
(a) knowing that the acquisition or disposal does not comply with this Act; or
(b) being reckless as to whether or not the acquisition or disposal complies with this Act.
Penalty: 600 penalty units or 7 years imprisonment.
S. 101C inserted by No. 44/2021 s. 20.