(1) A Corporate
Licence may be issued in the corporate or trading name of any bank, financial
institution, Government department, State instrumentality or other
organisation (the holder ) approved by the Commissioner.
(2) A Corporate
Licence entitles the holder to possess —
(a) the
firearms named and identified in that licence; and
(b)
ammunition for those firearms; and
(c) any
magazine capable of being used with any of those firearms; and
(d) any
major firearm part forming part of any of those firearms when that licence was
issued; and
(e) any
major firearm part (other than a magazine) that did not form part of any of
those firearms when that licence was issued, but that is approved by the
Commissioner, and named and identified in that licence, in accordance with
section 16E.
(3) Subject to
subsection (5), a Corporate Licence authorises the holder to permit any person
to whom subsection (4) applies to possess, carry or use, in accordance with
terms, restrictions, limitations and conditions applicable to that licence, a
thing referred to in subsection (2) either —
(a) on
the premises of the holder; or
(b) in
the course of carrying out a function approved by the Commissioner and
authorised by the holder.
(4) The holder of a
Corporate Licence may permit any of the following to possess, carry or use, in
accordance with that licence, a thing referred to in subsection (2) —
(a) a
person who is an employee of the holder;
(b) a
person who is, in respect to any particular act or omission authorised by the
holder —
(i)
an agent of the holder; or
(ii)
a person acting at the request of and on behalf of the
holder;
(c) a
person employed in the Public Sector by or under an employing authority, as
defined in the Public Sector Management Act 1994 section 5, who is required
or authorised by the holder to act on behalf of the holder with respect to a
relevant act or omission.
(5) If the holder of a
Corporate Licence holds a security agent’s licence under the
Security and Related Activities (Control) Act 1996 , the Corporate Licence
authorises the holder to permit an employee to possess a thing referred to in
subsection (2) to the extent only that the employee is authorised to do so by
a security officer’s licence endorsed under section 24, or a permit
issued under section 25, of that Act.
[Section 16D inserted: No. 13 of 2022 s. 22.]