Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Australia plans gun buyback after Bondi massacre, as surfers honour victims
    Headlines

    Australia plans gun buyback after Bondi massacre, as surfers honour victims

    Published by Global Banking and Finance Review

    Posted on December 18, 2025

    4 min read

    Last updated: January 20, 2026

    Australia plans gun buyback after Bondi massacre, as surfers honour victims - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:insurancefinancial managementinvestmentfinancial serviceseconomic growth

    Quick Summary

    Australia plans a national gun buyback after the Bondi massacre, aiming to tighten gun laws. Community honors victims with a paddle-out at Bondi Beach.

    Australia's Gun Buyback Initiative Post-Bondi Massacre

    By Renju Jose

    SYDNEY, ‌Dec 19 (Reuters) - Australia will launch a national gun buyback scheme following the mass shooting in Sydney, Prime Minister Anthony Albanese said on Friday, as ‍hundreds of surfers ‌and swimmers paddled out at Bondi Beach to honour victims.

    The buyback would be similar to gun reforms introduced soon after the massacre in 1996 in ⁠Tasmania's Port Arthur after a lone gunman killed 35 people, which prompted authorities ‌to implement some of the world's toughest gun laws.

    "Australia's gun laws were last substantially reformed in the wake of the Port Arthur tragedy. The terrible events at Bondi show we need to get more guns off our streets," Albanese said during a media briefing.

    Fifteen people were killed and dozens wounded on Sunday in Bondi after two gunmen opened fire at people celebrating ⁠Hanukkah, the Jewish festival of lights.

    A 50-year-old gunman, who was killed at the scene, held a firearm license and had six guns registered, drawing criticisms that Australia's gun laws needed an overhaul.

    An estimated four ​million firearms are currently in the country, Albanese said. The government would target surplus, newly banned ‌and illegal firearms, with the costs to be shared between the federal ⁠and state governments, he said.

    Following the Port Arthur massacre, Australia announced a gun buy-back scheme and secured the surrender of about 640,000 prohibited firearms nationwide. The total cost of compensation to owners was about A$304 million ($201 million).

    Neighbouring New Zealand announced sweeping gun reforms, including gun buyback schemes, after the Christchurch terror attack ​in 2019.     

    SEVEN MEN DETAINED

    Albanese, under pressure from critics who say his centre-left government has not done enough to curb a surge in antisemitism since the start of the Gaza war, has said the government would also strengthen hate laws. 

    The government said it has consistently denounced antisemitism over the last two years and passed legislation to criminalise hate speech. It expelled the Iranian ambassador after accusing Tehran of directing two antisemitic arson attacks.

    Authorities have said Sunday's shooting appears to have been inspired ​by the Islamic ‍State, and police have ramped up patrols and ​policing in an effort to prevent further violence.

    Late on Thursday, police said they had intercepted two cars and detained seven men in Sydney's southwest after receiving information that "a violent act was possibly being planned."

    New South Wales state Police Commissioner Mal Lanyon said the men could be released soon after assessing that the specific threat posed by them was unknown, and officials would continue to monitor them.

    Lanyon said police were not prepared to take any risks after suspecting the group was planning to visit Bondi.

    There was no "confirmed link" between the detained men and the two Bondi gunmen, but they likely had similar ideologies, he added.

    Islamic State has called the Bondi mass shooting ⁠a "source of pride", in an article published on the group's Telegram channel, though it did not explicitly claim responsibility.

    Police and additional security have been deployed at Sydney's Lakemba mosque, one of the largest in Australia, ahead of Friday prayers, ​Australian media reported.

    Australia's Jewish community gathered at Sydney's Bondi Beach on Friday for prayers, while hundreds of swimmers and surfers formed a huge circle in the waters off the beach to honour victims.

    Community leaders described the support as deeply moving amid heightened fears over a surge in antisemitic incidents.

    "Over the past two years, there's been a lot of people who have been questioning whether we're still welcome here in Australia because we saw ‌people calling for our death on the streets on a weekly basis," Rabbi Yosef Eichenblatt from Sydney's Central Synagogue told ABC News, after attending the paddle-out event. 

    "So it's been so heart-warming to see the outpouring of love and support. It's really so therapeutic."   

    ($1 = 1.5117 Australian dollars)

    (Reporting by Renju Jose in Sydney; Editing by Lincoln Feast)

    Key Takeaways

    • •Australia to launch a national gun buyback scheme.
    • •The initiative follows the Bondi massacre where 15 were killed.
    • •Prime Minister Albanese emphasizes the need for stricter gun laws.
    • •Authorities aim to target surplus and illegal firearms.
    • •Community shows solidarity with victims at Bondi Beach.

    Frequently Asked Questions about Australia plans gun buyback after Bondi massacre, as surfers honour victims

    1What are antisemitism laws?

    Antisemitism laws are legal measures designed to combat discrimination, hatred, or violence against Jewish people, often including provisions against hate speech and incitement.

    2What is public safety?

    Public safety refers to the welfare and protection of the general public, typically ensured through laws, regulations, and community programs aimed at preventing crime and harm.

    3What is community response?

    Community response refers to the collective actions and support offered by community members in reaction to an event, often aimed at providing solidarity, healing, and assistance.

    4What is a firearm license?

    A firearm license is a legal permit issued by authorities that allows an individual to own, carry, or use a firearm, subject to specific regulations and requirements.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Oil falls on possible US-Iran de-escalation, firm dollar
    Oil falls on possible US-Iran de-escalation, firm dollar
    Image for Son of Norway's crown princess stands trial for rape and domestic violence
    Son of Norway's crown princess stands trial for rape and domestic violence
    Image for Activist shareholder ACCR, pension funds urge BP to show shift to oil and gas will deliver value
    Activist shareholder ACCR, pension funds urge BP to show shift to oil and gas will deliver value
    Image for Google Cloud, Liberty Global strike five-year AI partnership
    Google Cloud, Liberty Global strike five-year AI partnership
    Image for Ukraine's capital of Kyiv, other cities under Russian attack, officials say
    Ukraine's capital of Kyiv, other cities under Russian attack, officials say
    Image for EU proposals set to limit EV sales from 2035, says campaign group
    EU proposals set to limit EV sales from 2035, says campaign group
    Image for Trading Day: Solid data over hard assets
    Trading Day: Solid data over hard assets
    Image for Queen's University Belfast cuts ties with US politician Mitchell over Epstein files
    Queen's University Belfast cuts ties with US politician Mitchell over Epstein files
    Image for UK police review reports of alleged misconduct by Mandelson after Epstein files release
    UK police review reports of alleged misconduct by Mandelson after Epstein files release
    Image for Russia says foreign forces in Ukraine would be 'legitimate targets'
    Russia says foreign forces in Ukraine would be 'legitimate targets'
    Image for Swiss National Bank Chairman says current situation not easy for policy
    Swiss National Bank Chairman says current situation not easy for policy
    Image for Recycling body opposes EU scrap aluminium export curbs
    Recycling body opposes EU scrap aluminium export curbs
    View All Headlines Posts
    Previous Headlines PostIrish central bank raises growth forecasts, says economy resisting US headwinds
    Next Headlines PostAustralia police say detained men likely had ideological links to Bondi gunmen