Cost of Australia’s National Gun Buyback Scheme Still Being Calculated: Treasurer

‘The policy is not concluded yet, but a lot of work’s gone into it, and when we have more to say about it, we’ll say that publicly,' said Jim Chalmers.

Treasurer Jim Chalmers speaks in Question Time in the House of Representatives in Canberra, Australia on Nov. 4, 2025. Hilary Wardhaugh/Getty Images

BRISBANE, Australia—Details of the cost of the Labor government’s gun buyback scheme are yet to be finalised, according to federal Treasurer Jim Chalmers.

Prime Minister Anthony Albanese announced the move on Dec. 19, 2025 in the wake of the Bondi terrorist attack that left 15 people dead and 40 injured.