(1) A person shall not have in his or her possession any firearm or ammunition with intent to endanger life, threaten or cause injury to person or property, or to enable any other person to endanger life, threaten or cause injury to person or property, whether or not any injury has been caused.
(2) A person who contravenes subsection (1) commits an offence and is liable—
(a) on summary conviction to a fine of not less than $20,000 or to imprisonment for a term of not less than 5 years;
(b) on conviction on indictment to imprisonment for a term of not less than 10 years.