We need checks and assurances across the entire system. This comprehensive risk management approach means a number of changes. The changes we're making to the Act touch on those key points where it is essential to mitigate risk. Risk includes the unsafe use of firearms or illegal possession of firearms. These changes include those that take effect immediately following Royal assent, expected next week—for example, reducing length of a firearms licence from 10 years to five years for first-time licence holders and those who have previously had their licence revoked or who have allowed it to expire. Offences and penalties have been changed to better reflect the seriousness of offending. Examples include possessing a firearm without a licence, which now has a penalty of up to one year in prison or a $15,000 fine—that's up from three months or a $1,000 fine under the old system—and selling a firearm to an unlicensed person, which carries up to a two-year jail sentence or a $20,000 fine, which is up from three months or a $1,000 fine under the old system. 