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Unlike the voluntary buybacks in the United States, Australian gun buybacks of 1996 and 2003 were compulsory, compensated surrenders of newly-illegal firearms.
The 1996 Buyback took 600,000 newly illegal sporting firearms, including all semi-automatic rifles including .22 rim-fires, semi-automatic shotguns and pump-action shotguns. Because the Australian Constitution prevents the taking of property without just compensation the Federal Government decided to put a 1% levy on income tax for one year to finance the compensation. The buyback was predicted to cost A$500 million and had wide community support.[5]
The 2003 handgun buyback compensated the confiscation of about 50,000 newly illegal pistols, the majority being target arms of greater than 9mm caliber (generally used for IPSC competition), or smaller handguns with barrels less than 4" such as pocket pistols, which were mostly licensed for target use as since 1996 licenses cannot be issued for self-defense in Australia