7 The Act is amended by adding the following after section 58:
Marginal note:Conditions — licence issued to business
58.1 (1) A chief firearms officer who issues a licence to a business must attach the following conditions to the licence:
(a) the business must record and, for the prescribed period, keep the prescribed information that relates to the business’ possession and disposal of non-restricted firearms;
(b) the business must record and — for a period of 20 years from the day on which the business transfers a non-restricted firearm, or for a longer period that may be prescribed — keep the following information in respect of the transfer:
(i) the reference number issued by the Registrar,
(ii) the day on which the reference number was issued,
(iii) the transferee’s licence number, and
(iv) the firearm’s make, model and type and, if any, its serial number; and
(c) the business must, unless otherwise directed by a chief firearms officer, transmit any records containing the information referred to in paragraph (a) or (b) to a prescribed official if it is determined that the business will cease to be a business.
Marginal note:Destruction of records
(2) The prescribed official may destroy the records transmitted to them under paragraph (1)(c) at the times and in the circumstances that may be prescribed.