Bagheera, the 'reasonable precautions' in Sec.2 all refer to the storage of firearms, not ammunition. Ammunition stored in a different location from the firearms is OK within the law. It is only when the firearms and ammunition are stored together (ie; in the same location or safe) that the firearms have to be disabled in some manner. Provided the firearms are stored in the proper security, the ammo can be in a separate cupboard inside a locked house and fully comply. Have you ever been in a sports shop and seen the ammo locked away? No, it is just sitting on the shelf separate from the firearms rack in a premises that gets annual security checks from the Police.
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