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(1) A person who is or has been engaged in the commission of an offence under this Act and who is armed with a firearm or other offensive weapon commits an offence and is liable on summary conviction to a fine of not more than five thousand penalty units or to a term of imprisonment of not more than ten years or to both.

(2) A person who is armed with a firearm or other offensive weapon and who is found with goods liable to forfeiture under this Act commits an offence and is liable on summary conviction to a fine of not more than five thousand penalty units or to a term of imprisonment of not more than ten years or to both.