It's not a loophole. It looks and operates like a revolver (which gives it its appeal) but it is a rifle by every legal definition here in NZ.
I've seen people online saying it was "designed to be cut down"... Which is a bold claim that's severely lacking evidence. As far as anyone can tell, the manufacturer just gave a revolver a long barrel and a stock so that they could be sold to a wider market as rifles in countries with restrictive laws. I.e. they found a niche. They cannot control the intent of the buyers.
Since the UK banned pistols, people have been able to buy "pistols" with long barrels/faux suppressors and bars coming off the back of the pistol grips to meet the minimum length requirements to make them rifles. Technically would be very easy to chop them down too. Hasn't been a problem over there though. Shouldn't be here either.
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