Australia gun buyback spurred by Bondi attack to start in November, PM says

“Australia's Prime Minister Anthony Albanese has announced a nationwide gun buyback scheme in response to the deadly Sydney beach attack that killed 15 people last year. The scheme, set to start in November, will offer up to $700 per handgun or rifle handed in. This move aims to reduce gun ownership and tighten gun laws in the country. Expert Analysis: This gun buyback scheme marks a significant shift in Australia's approach to gun control, echoing the country's response to the Port Arthur massacre in 1996. The scheme's success will depend on the participation rate and the effectiveness of the new gun laws in reducing gun violence. The implications of this move for the US market and economy are significant, as it highlights the need for stricter gun control measures in the face of rising gun violence.”