Sydney, Australia – In a historic and crucial step to bolster national security, Australia’s most populous state is preparing to launch a comprehensive firearm buyback program later this year. New South Wales is the first state in the country to offer attractive cash rewards for surrendering firearms. This comes in the wake of the horrific terrorist attack on Bondi Beach, which caused widespread grief.
Details of financial incentives and program terms
Starting November 2nd, the state will launch a program offering up to AU$1,000 (£523) in compensation to gun owners who surrender their eligible handguns and rifles. Premier Chris Minns confirmed on Saturday that the ultimate goal of the initiative is to recover and safely destroy as many weapons as possible. He indicated that the move could result in the surrender of hundreds of thousands of firearms.
These measures are part of the recently enacted gun ownership reforms, which limit individuals to a maximum of four firearms. Exceptions exist for farmers and sport shooters, allowing up to a maximum of ten firearms. The program will target individuals who possess more firearms than permitted, as well as those whose licenses have expired due to the reduction of validity periods from five years to two.
Implementation phases and allocated financial support
The implementation plan is divided into two main phases. The first phase, beginning in November, will cover handguns and conventional rifles up to a certain limit (e.g., AU$1,000 for a handgun and AU$450 for an air rifle). The second phase, commencing early next year, will cover high-value firearms exceeding AU$3,000, with a maximum limit of AU$10,000 per item.
The buyback program is jointly funded by the New South Wales and federal governments. In addition to compensating individuals, authorities will provide financial support of up to $25,000 to businesses to help them adapt to the new regulations. Furthermore, special assistance packages will be offered to gun dealers.
Background to the terrorist attack and national reforms
These strict measures are a direct response to the anti-Semitic terrorist attack that took place on December 14th of last year. Fifteen people, including a ten-year-old girl and a Holocaust survivor, were killed in that attack during Hanukkah celebrations on Sydney’s famous Bondi Beach.
Australian Prime Minister Anthony Albanese affirmed that the government is committed to doing everything possible to ensure such tragedies are never repeated. He also stressed the need to move forward with fundamental nationwide gun reforms, despite initial delays to national procurement plans due to funding and implementation challenges.



