(1) The registrar must refuse to issue a firearms dealer licence to an applicant unless satisfied that—
(a) the applicant is carrying on, or intends to carry on, the business of a firearms dealer at the relevant premises stated in the application; and
(b) those premises are suitable for carrying on the business of a firearms dealer.
(2) In considering whether premises are suitable for subsection (1) (b), the registrar must have regard to the following:
(a) the nature of the activities conducted, or proposed to be conducted, on the premises;
(b) the types of firearms to which the licence relates;
(c) whether adequate provision has been made for the safekeeping of firearms by means of safes, strongrooms or some other method;
(d) the security of the premises against unauthorised entry;
(e) for a licence that authorises the testing of firearms on the premises—whether an efficient bullet recovery box or bullet stop is provided on the premises.