40. (1) A licensed dealer shall keep in or on the premises to which the licence relates a book to be called the “Dealer's Book”.
(2) A Dealer's Book kept by a licensed dealer shall be in a form approved by the Registrar.
(3) Where—
(a) a licensed dealer manufactures, acquires, modifies, tests, repairs, sells or otherwise disposes of a dangerous weapon or restricted weapon; or
(b) a dangerous weapon or restricted weapon is surrendered to a licensed dealer under this Act;
the licensed dealer shall not, without reasonable excuse, fail to enter in the Dealer's Book the prescribed particulars, within 24 hours after manufacturing, acquiring, modifying, testing or repairing, or selling or otherwise disposing of, the weapon, or of that surrender.
Penalty: $2,000 or imprisonment for 12 months, or both.
(4) A licensed dealer shall not fail to retain a Dealer's Book until the expiration of the period of 7 years commencing on the date of the last entry made under subsection (3) in that book.
(5) A licensed dealer shall not, if his or her licence—
(a) is cancelled or surrendered; or
(b) has expired and has not been renewed;
fail or refuse to forward to the Registrar, within 7 days after that cancellation, surrender or expiration, each Dealer's Book kept by the licensee under this section.
(6) A licensed dealer who, without reasonable excuse, contravenes subsection (1), (2), (4) or (5) is guilty of an offence punishable, on conviction, by a fine not exceeding $2,000.