15/08/2026
Compensation for fi****ms
The first phase of the buyback, beginning on November 2, will offer fixed compensation rates for individual licence holders who possess more fi****ms than permitted.
Compensation will range from $450 for an air r***e to $1,000 for a handgun or centrefire r***e – and a flat payment for associated am******on.
Eligible businesses and dealers impacted by the buybacks can apply for grants up to $25,000, and gun dealers will receive one-off licence fee relief worth $500.
The gun buyback’s second phase, scheduled to begin in early 2027, will provide a pathway for eligible higher-value fi****ms with an indicative market value above $3,000.
Compensation will be capped at $10,000 per fi***rm, with further details to be announced at a later date.
The Albanese government will contribute 50 per cent of administration costs and fully fund the destruction of surrendered fi****ms.
https://magnumsports.com.au/blogs/expert-advice/nsw-gun-buyback-announced
15/08/2026
15/08/2026
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