The New South Wales government has announced the launch of a significant gun buyback program, the largest of its kind in Australia in 30 years. The initiative is a collaborative effort between the state and federal governments, with both parties agreeing to split the associated costs evenly. This policy shift follows the recent terror attack at Bondi Junction, which prompted renewed discussions regarding firearm regulation and public safety.

The program is scheduled to commence in two distinct phases starting on November 2. Under the terms of the buyback, the government has established a specific compensation schedule for surrendered weapons. Owners of revolvers are eligible for $1,000, while semi-automatic handguns will be compensated at $850. Additionally, the scheme offers $850 for double-barrel shotguns and $650 for single-barrel shotguns.

While the government frames this as a necessary step toward enhancing community safety, the program represents a major logistical undertaking for the state. The announcement highlights a rare instance of direct financial cooperation between the federal government and the Minns administration in New South Wales to address public security concerns through legislative and fiscal action. The program aims to reduce the number of firearms in circulation by providing financial incentives for voluntary surrender.