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New Zealand Launches Gun 'Buy-Back' Scheme for Banned Weapons

  •  World
AP

New Zealand’s government on Thursday launched a multimillion-dollar, six-month “buy-back” scheme to compensate owners of powerful but newly banned semi-automatic weapons prohibited in the wake of deadly attacks on two mosques in the Southern city of Christchurch, Reuters reports.

Finance Minister Grant Robertson and Minister of Police Stuart Nash said in a joint emailed statement that NZ$208 million ($135.97 million) had been set aside to compensate owners of the banned semi-automatic firearms up to 95% of the original cost.

They would have until Dec. 20 to hand in their weapons.


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