Having recently studied this for teaching purposes, the answer to storage of ammo is well known . It is in the arms regulations 1992 which are part of the 1983 arms act.
Arms Regulations 1992 (SR 1992/346) (as at 21 March 2019) 19 Conditions relating to security precautions – New Zealand Legislation
Yes it is specifically permitted at present to store ammo with the fiream provided it is deactivated (bolt stored separately) but really it's not a good idea to store either bolt or ammo with your rifle. This should be something that is tightened up. This is a drawback of having break action shotguns and everything else but a bolt action. It's a danger you take on when you choose to own that firearm.
Here's a recent discussion I started about storing your bolt, with comments about the "ammo with gun" issue: https://www.nzhuntingandshooting.co....ecurity-46755/
Note that most of the directions given about storage are by licence vettors who are NOT police officers and their informal requirements vary wildly between individuals. This is another area that needs tightening up.
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