Following the tragic Bondi Beach terrorist attack, the Australian Capital Territory (ACT) government pledged participation in a national gun buyback scheme. However, funding arrangements with the federal government remained unresolved until now. An agreement has been reached where the federal government will fund the majority of the ACT’s buyback program. This commitment addresses concerns about financial burdens on the territory following its swift decision to join the nationwide initiative. The scheme aims to reduce the number of firearms in circulation and enhance public safety in response to the recent violence. Details regarding the specific financial contribution and implementation timelines are expected to be released shortly. This resolution allows the ACT to move forward with crucial steps to enact the gun buyback scheme.