Regulations Amending the Firearms Licences Regulations

The RIAS explicitly states this regulation applies only to individuals and will have no direct costs or benefits to businesses — the small business lens and one-for-one rule both do not apply. The primary financial impacts fall on individual firearms licence holders who become subject to a protection order: they must surrender their firearms (average value roughly $1,875 based on 2.7 firearms at $695 each) and pay a $60 fee to reapply once the order expires. An estimated 579 licence revocations per year are expected nationally, with total individual costs (including surrendered firearms) estimated at $7.7 million discounted over ten years. Government and courts will bear administrative costs of roughly $8.4 million combined over the same period to process an estimated 15,198 protection orders annually.