Australia introduced measures to reduce gun ownership following a deadly attack on Sydney’s Bondi Beach last year.
Published On 16 Aug 202616 Aug 2026
Australia’s prime minister has said that New South Wales will begin a gun buyback scheme in November as part of a nationwide response to last year’s deadly Sydney beach attack.
The gun buyback scheme will be accompanied by tighter checks for gun licences and a crackdown on hate, Prime Minister Anthony Albanese said on Sunday.
list of 3 itemsend of list
The measures targeting firearm ownership are a reaction to the December 14, 2025, gun attack at a Bondi Beach Hanukkah celebration in Sydney, New South Wales, that killed 15 people.
The alleged gunmen used powerful firearms that were legally obtained.
Australians owned a record 4.1 million firearms last year, the government has said, with more than 1.1 million of those in New South Wales, the country’s most populous state.
New South Wales’ gun buyback scheme is scheduled to start on November 2, and will see the state offer owners up to 1,000 Australian dollars ($700) per handgun or rifle handed in.
“Australians are quite rightly proud of our gun laws, but the fact is there are more guns in Australia today than there were at the time of dealing with the Port Arthur gun buyback,” Albanese said in televised remarks.
In the 1996 Port Arthur attack, a lone gunman killed 35 people and led to sweeping restrictions on ownership of automatic and semi-automatic firearms in Australia.
Since the Bondi Beach attack, New South Wales state has introduced its own laws limiting gun ownership to four guns per person.
Police say the attack was carried out by a father and son duo and was inspired by ISIL (ISIS). The surviving suspect, Naveed Akram, 24, is yet to enter pleas to several charges, including 15 counts of murder.
Earnings Call Insights: Simpson Manufacturing Co., Inc. (SSD) Q2 2026
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
IsiMS/iStock via Getty Images
Wise Group (WSE) stock surged 5.4% in Thursday after-hours trading after the fintech said it plans a new share repurchase program that it expects to exceed $500M.
About 40% of the buyback program is expected to be allocated to its recurring
Aura Minerals board approves up to $200M share and BDRs buyback program
Source link
Earnings Call Insights: Argan, Inc. (AGX) Q1 fiscal 2027
“Our strong first quarter fiscal 2027 results reflect exceptional execution across our business with all 3 of our operating segments achieving significant revenue growth and maintained healthy backlog.” (CEO, President & Director David
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.