The CZ 515 is an Australian exclusive bolt action lever release rimfire rifle designed for hunters and target shooters. The rifle is fitted with an automatic bolt stop in the rear position and an ergonomically designed lever for releasing the bolt. The lever release is ergonomically designed and can be transferred to the left hand side of the firearm to accommodate left handed shooters.

This version is a modern Tactical model with pistol grip, adjustable stock (length and cheek piece), picatinny rail, full length barrel shroud and supplied with a 10 round polymer magazine.