Close Menu
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Lifestyle
  • Sports
  • Videos
  • Topics
    • Entertainment
    • Health
    • Tech
    • Travel
  • More Articles
Trending Now
Vile sex offender accused of terrorizing California neighborhood in most frightening way imaginable

Vile sex offender accused of terrorizing California neighborhood in most frightening way imaginable

August 15, 2026
Burger expert spills perfect patty secrets and ‘biggest mistake’

Burger expert spills perfect patty secrets and ‘biggest mistake’

August 15, 2026
Children put at risk by schools’ social media posts, parents demand Department of Education revise policy

Children put at risk by schools’ social media posts, parents demand Department of Education revise policy

August 15, 2026
Netflix Files to Dismiss Tyra Banks’ Defamation Lawsuit Over ‘America’s Next Top Model’ Documentary

Netflix Files to Dismiss Tyra Banks’ Defamation Lawsuit Over ‘America’s Next Top Model’ Documentary

August 15, 2026
Ex-detective who served fraction of 102-year sentence faces new charges after cold case review

Ex-detective who served fraction of 102-year sentence faces new charges after cold case review

August 15, 2026
Facebook X (Twitter) Instagram
Just In
  • Vile sex offender accused of terrorizing California neighborhood in most frightening way imaginable
  • Burger expert spills perfect patty secrets and ‘biggest mistake’
  • Children put at risk by schools’ social media posts, parents demand Department of Education revise policy
  • Netflix Files to Dismiss Tyra Banks’ Defamation Lawsuit Over ‘America’s Next Top Model’ Documentary
  • Ex-detective who served fraction of 102-year sentence faces new charges after cold case review
  • Trump backs Republican challenger to oust Letitia James amid ongoing mortgage fraud feud
  • Cardinals rookie makes MLB history by hitting a home run in each of his first three career plate appearances
  • Socialist NY lawmaker Emily Gallagher says shoplifting for ‘biological need’ is OK
  • Privacy
  • Terms
  • Advertise
  • Contact
Pure Info NewsPure Info News
Newsletter
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Lifestyle
  • Sports
  • Videos
  • Topics
    • Entertainment
    • Health
    • Tech
    • Travel
  • More Articles
 Markets Login
Pure Info NewsPure Info News
Home » The Sydney stockpiles targeted in major new surrender scheme
Australia

The Sydney stockpiles targeted in major new surrender scheme

News RoomNews RoomAugust 15, 2026No Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
The Sydney stockpiles targeted in major new surrender scheme

August 16, 2026 — 5:00am

You have reached your maximum number of saved items.

Remove items from your saved list to add more.

More than a quarter of a million guns will be surrendered and destroyed under the largest gun buyback in NSW for three decades, with the first weapons to be handed over to police before the first anniversary of the Bondi Beach terror attack. 

But in a departure from the terms offered by John Howard’s globally recognised post-Port Arthur scheme, tens of thousands of owners will not be offered market value compensation for their handguns, shotguns and rifles, setting the scene for a renewed backlash from the shooting industry and a resurgent One Nation.

The program will be announced by Prime Minister Anthony Albanese and NSW Premier Chris Minns on Sunday following months of negotiations over its cost and design.

A truck unloads prohibited firearms at a scrap metal yard in 1997 after the Port Arthur massacre a year earlier.Reuters

“This is a big undertaking but the principle behind it is simple: fewer dangerous guns in our community means a safer NSW,” Minns said.

“After Bondi we promised we would introduce the toughest gun laws in the country, and that’s exactly what we did.”

However, plans for a national scheme have collapsed, with all states other than NSW refusing to sign up.

Some 50,000 licence holders in NSW will have to surrender firearms under the changes, which are due to begin on November 2. The new laws limit most owners to a maximum of four guns, while primary producers and sport shooters will be restricted to 10.

About 274,000 firearms – roughly a quarter of the total number of registered guns in the state – will have to be handed back to comply with the limits.

The Herald last year revealed an explosion in the number of licensed weapons in Sydney suburbs: one individual licence holder living in Cremorne has 371 guns; another in the Chifley-La Perouse area has 294; a licensee in Punchbowl has 228 guns; another in the Terrey Hills area has 207; a Narrabeen resident, 191; and a person living in Burwood, 196. None were dealers or collectors.

Under flat-rate caps instead of individual valuations, handgun owners will be given $1000 per revolver or $850 for semi-automatics. Double-barrel shotgun compensation will be capped at $850 per weapon and $650 for single-barrels. Surrendered rifles will attract a payment of between $450 and $1000.

The compensation costs will be split equally between state and federal taxpayers. Neither government will say how much the bill is estimated to reach.

“We must do everything we can to make sure the antisemitic terrorist attack in Bondi doesn’t happen again,” Albanese said on Saturday. “That includes meaningful nationwide gun reform.”

The Commonwealth will also pay half of all administration costs and fully fund the destruction of surrendered firearms and ammunition.

A second phase of the scheme due to begin early next year will allow owners of higher-value firearms to pursue more compensation of between $3000 and a cap of $10,000. This would likely capture antiques and other rare weapons.

Governments will also pay gun shop owners and dealers grants of up to $25,000 to soften the impact of the changes on trade.

Assuming the average price of the buyback ends up at $1500 per weapon, the scheme would cost about $411 million. Administration will cost tens of millions more. The government will also pay a flat fee for ammunition but won’t offer any money for parts or add-ons.

Albanese and Minns promised the buyback following the Bondi antisemitic terror attack of December 14, and the scheme was a key recommendation of Virginia Bell’s interim report from the royal commission into antisemitism.

The gun lobby argues the buyback will be a waste of money, given other states are not participating and that it targets lawful gun owners rather than the surge in unlicensed weapons on Sydney’s streets.

Related Article

Anthony Albanese’s national gun buyback is a stark contrast to the success of John Howard’s 1996 scheme.

Stolen or missing registered firearms account for nearly 10 per cent of illicit long-arms and about 31 per cent of illicit handguns in Australia. Authorities estimate there could be up to 500,000 illegal long-arms and handguns nationwide.

NSW Police will co-ordinate the buyback but details of how guns are surrendered and where and how payments will be deposited are still being worked out.

“The NSW Police Force are overseeing a significant logistics exercise in public safety,” said NSW Police Minister Yasmin Catley.

“We ask affected firearms licence holders to be patient. Everyone affected by the new laws in NSW will have the opportunity to participate.”

There are now 4 million firearms in Australia – more than at the time of the Port Arthur massacre.

Howard’s program removed 644,000 newly prohibited semi-automatic and pump-action firearms from circulation.

The Department of Home Affairs, the domestic spy agency ASIO and the Australian Criminal Intelligence Commission have endorsed a fresh buyback, arguing it would help manage individuals with violent extremist ideologies, and frustrate serious and organised crime from obtaining lawful access.

Start the day with a summary of the day’s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter.

You have reached your maximum number of saved items.

Remove items from your saved list to add more.

Bevan ShieldsBevan Shields is a senior writer, and former editor of The Sydney Morning Herald.Connect via email.

From our partners

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Children put at risk by schools’ social media posts, parents demand Department of Education revise policy

Children put at risk by schools’ social media posts, parents demand Department of Education revise policy

There’s a nasty mood festering in Victoria, writes Neil Mitchell

There’s a nasty mood festering in Victoria, writes Neil Mitchell

Are the parents alright? Why raising children feels harder than ever

Are the parents alright? Why raising children feels harder than ever

Penny Wong’s veiled warning to One Nation on national security

Penny Wong’s veiled warning to One Nation on national security

Government considers deploying more immigration officers to deport visa overstayers

Government considers deploying more immigration officers to deport visa overstayers

Prime Minister Anthony Albanese’s refusal to apologise to Japan’s Sanae Takaichi has worried his Labor colleagues

Prime Minister Anthony Albanese’s refusal to apologise to Japan’s Sanae Takaichi has worried his Labor colleagues

Albanese government quietly pauses applications from 24 countries amid migration crackdown

Albanese government quietly pauses applications from 24 countries amid migration crackdown

Albanese and Taylor have both missed a chance to score points

Albanese and Taylor have both missed a chance to score points

Labor-led human rights committee warns of risks to vulnerable Australians as government pushes for overhaul

Labor-led human rights committee warns of risks to vulnerable Australians as government pushes for overhaul

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Burger expert spills perfect patty secrets and ‘biggest mistake’

Burger expert spills perfect patty secrets and ‘biggest mistake’

August 15, 2026
Children put at risk by schools’ social media posts, parents demand Department of Education revise policy

Children put at risk by schools’ social media posts, parents demand Department of Education revise policy

August 15, 2026
Netflix Files to Dismiss Tyra Banks’ Defamation Lawsuit Over ‘America’s Next Top Model’ Documentary

Netflix Files to Dismiss Tyra Banks’ Defamation Lawsuit Over ‘America’s Next Top Model’ Documentary

August 15, 2026
Ex-detective who served fraction of 102-year sentence faces new charges after cold case review

Ex-detective who served fraction of 102-year sentence faces new charges after cold case review

August 15, 2026
Trump backs Republican challenger to oust Letitia James amid ongoing mortgage fraud feud

Trump backs Republican challenger to oust Letitia James amid ongoing mortgage fraud feud

August 15, 2026

Latest News

Cardinals rookie makes MLB history by hitting a home run in each of his first three career plate appearances

Cardinals rookie makes MLB history by hitting a home run in each of his first three career plate appearances

August 15, 2026
Socialist NY lawmaker Emily Gallagher says shoplifting for ‘biological need’ is OK

Socialist NY lawmaker Emily Gallagher says shoplifting for ‘biological need’ is OK

August 15, 2026
Exclusive | NYC women share horror stories of moving in with their boyfriends — as 3 in 5 Americans claim cohabitation doomed the relationships

Exclusive | NYC women share horror stories of moving in with their boyfriends — as 3 in 5 Americans claim cohabitation doomed the relationships

August 15, 2026

Subscribe to News

Get the latest US news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?