(1)  The Commissioner may serve a licensed firearms dealer with a notice requiring the licensed firearms dealer to provide the Commissioner with a business management declaration.

(2)  The licensed firearms dealer must comply with the notice within 14 days after it is served.

Penalty:  Fine not exceeding 40 penalty units or imprisonment for a term not exceeding 2 years, or both.

(3)  In this section –

business management declaration is a declaration by a licensed firearms dealer, signed before a justice, that –

(a) states who, at the time of signing, has primary responsibility for the management of the business carried on under the licence; and

(b) does whichever of the following applies to the licensee at the time of signing:

(i) states the name and address of each of the licensee's close associates and explains, in each case, the precise nature of their association with the licensee;

(ii) states that, since the licence was issued or, as the case may be, the licensee last provided a business management declaration for the licence, there has been no change regarding the licensee's close associates (either as to number, name, address or nature of association).