Sarah Budge, the girlfriend of John Ibrahim, the head of the Sydney nightclub, was seen beaming when she left the court after being found not guilty of possession of the gun.
The 29-year-old's NSW District Court jury ruled on two of the three charges late Tuesday afternoon.
The model and the restaurateurs were exempted from disfiguring the weapon from its serial code and also having weapon ammunition.
However, the jury still cannot agree on a third charge if they knew about the gun kept in the closet of their Double Bay apartment.
The 29-year-old was seen smiling when she left Sydney's Downing Center Court on Tuesday afternoon.
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Sarah Budge, the girlfriend of John Ibrahim, the head of the Sydney nightclub, was seen shining on Tuesday when she left the court
Sarah Budge (pictured arriving at Sydney's Downing Center on Tuesday) has not been found guilty of two gun possession charges, but the jury is still advising on a third charge
Budge had had three long days of waiting when the jury of six men and six women considered their verdict after retiring on Friday morning.
Ms. Budge cried and hugged her lawyers after reading the two sentences.
But she will return to the court complex on Wednesday as the jury continues to consider the third indictment.
Budge pleaded not guilty to the three gun allegations made after the police found the stolen Glock 26 pistol and a loaded magazine in a raid on their unit in August 2017.
She testified before the jury that she had no knowledge of the items and said that she confronted her friend, Mr. Ibrahim, after her arrest for the weapon.
Budge said he told her while he knew how a gun got into her apartment, that he refused to tell her more, and said that she was in enough trouble as it was.
Her lawyer Simon Buchen SC had said it was very likely that Mr. Ibrahim or one of his staff would hide the pistol and ammunition in her bedroom closet days before the police found it.
The 29-year-old's NSW District Court jury ruled on two of the three charges late Tuesday afternoon (Image: Leaving the court on Tuesday)
Budge pleaded not guilty to the three gun allegations made after the police found the stolen Glock 26 pistol and a loaded magazine in a raid on their unit in August 2017 (Image: Leaving John Ibrahim's home in Dover Heights on Tuesday morning)
Budge, 29, the friend of Sydney's nightclub owner, John Ibrahim, 51, has to return to Downing Center District Court on Wednesday while waiting to learn her fate on a third charge
Prosecutor Christopher Taylor asked why Budge would stay in a relationship with a man who put her in this position.
But Mr. Buchen replied, "She is not on trial because she has a relationship with Mr. Ibrahim … the human heart does not always obey the rules of logic."
However, Mr. Buchen said the conversation was typical of the couple's relationship, in which Mr. Ibrahim often treated his girlfriend "with contempt".
"You may not respect that, that may not be your ideal relationship, but it is your relationship," he said in his closing speech on Thursday.
Before Budge was first charged with gun ownership in 2017, it was practically unknown.
The 29-year-old from Gladesville in Sydney's northern suburbs arrived at the scene when she was first seen on Ibrahim's arm in 2013.
Sarah Budge (pictured) entered the celebrity scene in Sydney in 2013 when she started meeting with the city's famous nightclub owner and businessman, John Ibrahim
The 29-year-old Budge was supported every day by her father Mark (pictured) during her trial before the NSW District Court
Just a few months earlier, Budge had opened her own "Crane Bar" in the same Kings Cross area where her boyfriend rose to fame and fortune.
For the past 10 years, Budge has also worked as a model, with TV campaigns for Virgin Australia and regular photo shoots for lingerie and swimwear brands.
In recent years, she has also played a role for the Rockmans women's fashion brand.
Despite being represented by agencies like Scoop and Chic, she has focused on her successful venue in Kings Cross in recent years.
She opened the Crane Bar in December 2012 and less than six months later she would meet Ibrahim.
At the time, he was a soaring bar owner who, according to Firass Dirani, had been immortalized across the country in "Underbelly: The Golden Mile".
The previous model started dating in 2014 with Ibrahim, owner of the Kings Cross nightclub.
Sarah Budge's mother Leone (right) died of an incurable disease in March this year
Budge's daily arrival at Downing Center District Court in Sydney – where she pleaded not guilty to three charges – attracts numerous cameras
Budge told her gun ownership process this week that her relationship with Ibrahim had been "up and down" in the past six years.
She said he was only "twice" in her house, once he told Budge that she had been given "the little shitty room", the court heard.
Despite regular publication of photos from the balcony of Ibrahim's sprawling cliff-top mansion in Dover Heights in Sydney's eastern suburbs, the court heard that Budge had been prevented from moving in.
While he kept Budge out of his villa, Ibrahim regularly accompanied her to family events.
Budge's brother Jack posted several photos with Ibrahim on Facebook, often in bars and restaurants across Sydney.
The nightclub boss was also at his friend's side when the family was hit by a tragedy in 2017 when her mother Leone was diagnosed with cancer.
Ms. Budge died in March of this year, and her daughter paid tribute to social media in the days that followed.
Despite being in a relationship for six years, John refuses to let Budge move into his big cliff-top house, claiming he likes his place and privacy.
Sarah Budge (center back) with her late mother Leone (center front), partner John Ibrahim (left) and her brother Jack Budge (right)
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