Australia was widely regarded as a world leader in firearm regulation – the Bondi tragedy has laid bare a far more complex truth.

On a weekend day in the year 1996, a lone gunman using powerful firearms took the lives of 35 people in the historic site of Port Arthur.

That national tragedy nearly a generation ago, which ushered in some of the toughest gun laws in the world, can seem like a different era for many Australians.

However, the Bondi Beach attack this past Sunday, which resulted in 15 fatalities, has brought back painful recollections of the Tasmanian tragedy.

Weapons Holdings at a Record High

A study released earlier this year revealed that there are now in excess of four million weapons owned by civilians across the country – a figure that is roughly two times the amount from the late 1990s.

This translates to approximately one firearm per seven citizens.

While Queensland has the highest number of legal firearms, followed by New South Wales (NSW) and the state of Victoria, it is Tasmania and the Northern Territory that have the greatest density of weapons.

The data also dispels the common view that guns are primarily held by people in regional areas.

Guns are prevalent in metropolitan and suburban areas, with a large share located in major cities.

Critically, there are now more guns in fewer hands, with the registered individual possessing over four firearms.

Examining Australia's Current Gun Laws?

Firearm regulations in Australia are not uniform across the country, with a disparate implementation of rules across states and territories.

Typically, to secure a gun licence, an individual must be over 18, deemed a "responsible individual", pass a safety program, and provide a "genuine reason" for ownership.

The accepted reasons include sport shooting or animal management, target or sport shooting, certain job-related needs, and for collections.

However, significant loopholes remain. For instance, minors in some jurisdictions can have access to a firearm from as young as early adolescence.

Following the Port Arthur massacre, a comprehensive reform of national gun laws was enacted, leading to a large-scale surrender scheme of over 650,000 firearms.

Automatic and semi-automatic rifles were outlawed, and security screenings alongside mandatory cooling-off periods for sales were introduced.

A key tenet of these reforms was the removal of "personal protection" as a valid reason for gun ownership.

Fresh Calls for Firearm Policy Changes

In the immediate aftermath the Bondi shooting, political leaders were clear about the need to bolster gun laws.

A national gun buyback scheme was unveiled, marking the largest such effort since 1996.

Other planned reforms now under consideration include:

  • Capping the number of guns an individual can possess.
  • Addressing "open-ended" licensing arrangements.
  • Making formal citizenship a prerequisite for firearm ownership.
  • Enhancing intelligence sharing during licence application processes.

There are also calls for ongoing evaluations of existing licence holders, acknowledging that "situations evolve" over time.

A Complicated Debate

These reform efforts have drawn criticism from some quarters.

Pro-gun advocates contend that limiting gun numbers would not have stopped an attack driven by radicalisation.

They suggest that political capital would be better spent improving intelligence rather than restricting lawful owners for the overwhelming number of law-abiding citizens.

Furthermore, a key proposed reform from 1996 – a country-wide gun database – remains incomplete, though it has now been listed as a key project.

Tragedy as a Wake-Up Call

For campaigners, the Bondi attack is a horrific reminder that regulations must be updated with technological advances.

They argue that reform is needed to "address deficiencies" and safeguard communities.

While mass shootings remain infrequent in Australia compared to some nations, the risk persists, and the challenge of guns in the wrong hands – through black markets – continues to pose a problem.

As one advocate reflected, "It is unfortunate that it takes such a loss of life to prompt action and listen."

Alex Pena
Alex Pena

A seasoned financial analyst specializing in precious metals markets, with over 15 years of experience in gold investment strategies.