On the upside, some further reading reveals that once an individual or business has made this successful application they can pretty much import and own as many imitation firearms as they like.
Though for a TF collector this pretty much amounts to the two MP's, Browning and the half dozen or so variants of the G1 toy?Is there a limit to how many imitation firearms I can possess under a Chief
Commissioner’s Weapons Approval or a Governor in Council Exemption?
No. As there is no requirement to register imitation firearms, there is no limit as to
the amount that can be possessed once a Chief Commissioner’s Prohibited Weapons
Approval or Governor in Council Exemption is obtained, unless otherwise specified
by condition.
Ref: http://www.police.vic.gov.au/retriev...&status=active
Someone needs to update that Megatron Owners Club website.