110Certain category H firearms to be produced to Commissioner

110 Certain category H firearms to be produced to Commissioner (1) A person who, immediately before 1 July 2003, was the holder of a shooter's licence authorising the possession and use of a category H firearm that was granted for (or partially for) the genuine reason of sports shooting must, on or before 31 December 2003, present to the Commissioner or a police officer every category H firearm in the person's possession under the licence. (2) The Commissioner may specify a time and place at which a category H firearm mentioned in subsection (1) is to be produced. (3) If a person fails to produce a category H firearm mentioned in subsection (1) at the time and place specified under subsection (2), a police officer may give the registered owner of the firearm a notice under section 96A(1) and section 96A applies accordingly. (4) The registration of a category H firearm mentioned in subsection (1) is cancelled by force of this section: (a) at the time the firearm is produced to the Commissioner or a police officer; or (b) on 31 December 2003; whichever is the earlier. (5) If a firearm produced under this section is not of a type that is prescribed for this section: (a) the registered owner of the firearm is to be paid compensation at the rate specified in the National List of Compensation Values for Handgun Buyback 2003 as published from time to time by the Commonwealth; and (b) the firearm is forfeit to the Territory after compensation is paid. (6) If a firearm produced under this section is of a type that is prescribed for this section, the Commissioner must (subject to section 110A) register the firearm again without charge.

Firearms Act 1997 120 (7) If the application of this section constitutes an acquisition of property for which the compensation provided under subsection (5) does not provide just terms, the registered owner of the firearm is entitled to receive just compensation for the acquisition and a court may determine the amount of the compensation or make an order that, in its opinion, is necessary to ensure that the acquisition is on just terms.