Following the 2025 Bondi shooting massacre, the federal government and the New South Wales government have officially reached an agreement to launch a state-wide gun buyback scheme. The program is designed to reduce the number of firearms in circulation by offering financial compensation to individuals who voluntarily surrender their weapons to authorities.

While the specific details regarding the compensation tiers and the types of firearms eligible for the program are currently being finalized, the initiative represents a coordinated effort between the two levels of government to address public safety concerns. The scheme is expected to mirror previous national buyback efforts, which have historically utilized standardized pricing models based on the make, model, and condition of the surrendered firearms.

Proponents of the scheme argue that removing these weapons from the community is a necessary step to prevent future tragedies similar to the Bondi event. However, the announcement has prompted discussions regarding the effectiveness of such programs in curbing gun violence, as well as questions about the total cost to taxpayers. The government has indicated that further information regarding the application process and collection points will be released to the public in the coming weeks.