NewzResidents in the heavily populated Australian state of New South Wales will be able to receive financial compensation later this year for surrendering their firearms. The firearm buyback initiative is being implemented following a fatal shooting that occurred in Sydney in December of last year.
The measure aims to reduce the number of weapons in circulation in the region through a government-backed buyback scheme. Authorities hope the financial incentive will encourage owners to voluntarily relinquish their firearms in the wake of the recent lethal violence in the state's capital.
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