I had to find an alternative link to the direct legal code because apparently their site is currently having issues.
But from what I remember It makes, manufacture, distribution, receiving and possession all illegal.
There is a few exceptions I think they are meant to be related. Such as a couple can film themselves for their own personal use.
It only becomes illegal when it is distributed. The ability to watch material at home is I believe supposed to be tied to that aspect.
After all how can you watch something you can legally receive or posses. I think there is a general concept in play that it only becomes porn / (obscene) if it is acts are viewed by those who are not in it.
Back to the example of a couple filming themselves. If they view it there isn't anything obscene about it. However, if another person watches it who wasn't partaking and the intent is "sexual arousal" term used in the law. Then it is considered obscene.
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Section 292 [(2)](a) does list possession. That's on page 67.
The idea is that it doesn't become obscene until someone other than those in it are made aware of it.
Hell even advertising it without images is illegal, making offers to have any part of it illegal, being in it for profit is specifically listed as illegal.
We can avoid section 293 because we aren't really interested in the section regarding minors with this discussion.
I also attached the pdf in case this link has issues in the future.