I'm not a lawyer, but after having a read through the Arms Act, it looks like this bit is the bit to look out for:
49A Unlawful possession of firearm or airgun after revocation of firearms licence
Every person commits an offence and is liable on conviction to imprisonment for a term not exceeding 1 year or to a fine not exceeding $4,000 or to both who, being a person whose firearms licence has been revoked, is in possession of a firearm or airgun at a time when that person is not the holder of a firearms licence, and is not a person authorised, expressly or by implication, by or pursuant to this Act, to be in possession of that firearm or airgun.
Notice how it includes airguns.
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