New South Wales Repealed RegulationsThis legislation has been repealed.
His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Firearms Act 1996.
Minister for Police
Under section 78 of the Firearms Act
1996, any person (including a firearms dealer) who acquired possession of a self-loading rimfire or centre-fire rifle, or a self-loading or repeating action shotgun, before 1 October 1996 is entitled to compensation (as determined by the regulations) if the firearm is surrendered to the police within 12 months.
The object of this Regulation is to bring the prohibited firearms “buy-back” scheme into effect by determining the compensation payable for surrendering prohibited firearms.
• Proposed clauses 5 and 6 specify the amount of compensation payable for specific types of prohibited firearms surrendered by persons other than firearms dealers. The amounts specified in the proposed Schedules to the Regulation have been determined by the Commonwealth and are based on the average sale prices (as at 1 March 1996) listed in firearms dealers’ catalogues across Australia.
• Proposed clause 7 provides that the compensation payable for a prohibited firearm not specified in the Schedules is to be assessed according to a valuation by a firearms valuer.
• Proposed clause 8 covers firearms dealers’ stock, and provides for compensation to be assessed at the retail sale price as at 1 March 1996 (proof of which may be required to be provided).
• Proposed clause 9 allows for compensation to be paid for things that are surrendered along with prohibited firearms (such as manuals, parts and other accoutrement specific to the firearm concerned).This Regulation is made under the Firearms Act 1996, including sections 78 and 88 (the general regulation making power). This Regulation relates to matters arising under legislation that is substantially uniform or complementary with legislation of each other State and Territory. It gives effect to the Commonwealth initiative for a nationwide surrender and buy-back scheme in relation to prohibited firearms. Each Australian jurisdiction has agreed to implement the scheme to compensate persons for surrendering prohibited firearms.
The following abbreviations are used in the Historical notes:
| Am | amended | No | number | Schs | Schedules |
| Cl | clause | p | page | Sec | section |
| Cll | clauses | pp | pages | Secs | sections |
| Div | Division | Reg | Regulation | Subdiv | Subdivision |
| Divs | Divisions | Regs | Regulations | Subdivs | Subdivisions |
| GG | Government Gazette | Rep | repealed | Subst | substituted |
| Ins | inserted | Sch | Schedule |