New South Wales to launch major gun buyback following Bondi attack FAST-MOVING

gun buyback firearms reform New South Wales Bondi Beach attack Anthony Albanese

The Australian federal and New South Wales governments have reached an agreement to launch a major gun buyback scheme in response to the December 2025 Bondi Beach terrorist attack, which resulted in 15 deaths. The program, set to begin its first phase on November 2, aims to remove an estimated 274,000 firearms from circulation in NSW.

Under the initial phase, individual license holders will receive fixed compensation for specific weapons, including $1,000 for revolvers and $850 for semi-automatic handguns. A second phase scheduled for early 2027 will offer a pathway for compensation for higher-value firearms with market values exceeding $3,000, capped at $10,000 per weapon. The federal government will fully fund the destruction of surrendered weapons, while administration costs will be split equally between the Commonwealth and the NSW government.

In addition to the buyback, NSW has implemented stricter gun laws, including limiting most individuals to four firearms and reclassifying certain weapons. To support the transition, the government is offering grants of up to $25,000 to affected businesses and dealers, along with license fee relief. While NSW is the first to move forward, other Australian states have expressed varying levels of opposition or hesitation regarding the scheme.

Entities

Anthony Albanese · Australian Government · Bondi Beach · Chris Minns · New South Wales

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 6 SOURCES] A second phase of the scheme starting in early 2027 will offer compensation up to $10,000 for high-value firearms with a market value above $3,000. www.europesays.com · internewscast.com · www.stheadline.com · www.perthnow.com.au · theqldr.com.au · +1 more
[● 5 SOURCES] The first phase of the buyback begins on November 2, offering compensation for revolvers, semi-automatic handguns, shotguns, and rifles. www.europesays.com · internewscast.com · www.stheadline.com · theqldr.com.au · 7news.com.au
[● 7 SOURCES] The Prime Minister stated that meaningful nationwide gun reform is necessary to prevent a repeat of the Bondi attack. www.europesays.com · internewscast.com · www.stheadline.com · www.perthnow.com.au · thenightly.com.au · +2 more
[● 3 SOURCES] The New South Wales government expects the buyback to remove up to 274,000 firearms from circulation. www.stheadline.com · www.perthnow.com.au · thenightly.com.au
[● 5 SOURCES] Eligible businesses and dealers can receive grants of up to $25,000 and license fee relief of $500 over two years. internewscast.com · www.stheadline.com · www.perthnow.com.au · theqldr.com.au · 7news.com.au
[● 6 SOURCES] The Bondi Beach terror attack in December 2025 resulted in the deaths of 15 people. www.europesays.com · internewscast.com · www.stheadline.com · www.perthnow.com.au · theqldr.com.au · +1 more
[● 4 SOURCES] New gun laws in NSW restrict individual ownership to four firearms, with exceptions for farmers and professional shooters allowed up to ten. www.europesays.com · www.stheadline.com · theqldr.com.au · 7news.com.au
[● 5 SOURCES] The federal and New South Wales governments will split the administration costs of the buyback scheme 50/50. www.europesays.com · internewscast.com · thenightly.com.au · theqldr.com.au · 7news.com.au
[● 6 SOURCES] Phase two of the scheme will provide compensation for high-value firearms (over $3,000) in early 2027. www.europesays.com · internewscast.com · www.stheadline.com · www.perthnow.com.au · theqldr.com.au · +1 more
[● 5 SOURCES] Eligible businesses and dealers can receive grants of up to $25,000. internewscast.com · www.stheadline.com · www.perthnow.com.au · theqldr.com.au · 7news.com.au
[● 3 SOURCES] The buyback program is expected to remove up to 274,000 firearms from circulation in New South Wales. www.stheadline.com · www.perthnow.com.au · thenightly.com.au
[● 6 SOURCES] The first phase of the buyback begins on November 2. www.europesays.com · internewscast.com · www.stheadline.com · www.perthnow.com.au · theqldr.com.au · +1 more