Why some gun owners feel 'very annoyed' by buyback plans

Some gun owners feel let down by the Government's buyback plans after it was confirmed they won't get what they paid for them.

The Government has released its buyback price list, and as revealed by Newshub on Wednesday night, owners will not be paid the full retail price of their firearms.

Police Minister Stuart Nash said on Thursday paying full retail price for the guns "was never an option.''

He insisted the Government "got the balance right".

It's angered some gun owners, like competitive shooter Kyle Scott, who told Newshub he's "very, very annoyed".

Why is he dissatisfied?

Scott has a Colt AR-22, a semi-automatic, which retails for about $1800. But the Government's market value for it is only $600.

And because the gun is used, Scott will only get $420 for it - not even a quarter of what he paid..

"I don't understand why the Government is taking something away from you, and then turning around and saying, 'Oh but we're only going to give you a couple of dollars for it'."

When asked how much he thought he'd lose overall for his gun collection, he said: "Around $15,000."

There's four ways for firearms to be handed in. Police prefer either the mass collection events they'll run on weekends across the country or for firearms to be handed in at registered firearms dealers - that'll begin in August. Those who have more than 10 guns can have them picked up by police.

The least-preferred option is to hand them in at a police station.

Police deputy commissioner Mike Clement said firearms will be "significantly disabled at the collection point and then it will go through a second process to make sure that it's absolutely destroyed beyond recognition... shredded.

Security at the events will be high. Clement said uniformed police officers will be equipped with their own firearms at the drop off points.

Licensed gun owners will be given a valuation on the spot by police-trained valuers. Newshub understands the aim is to get cash into bank accounts within 10 working days.

You can appeal the valuations, but it'll cost you at least $120.

"If anyone believes we have priced their weapon inappropriately, they can get a valuation - I think the cost of that is $120 plus GST," Nash said.

"If they then disagree with that valuation, they then have the ability to go to district court."

The second tranche of regulations

Newshub can confirm this week Cabinet signed off on some high-level policy decisions for the next tranche of gun law reforms.

The legislation is yet to be drafted, but Newshub understands it will look at some changes around licencing, possible tweaks to the 'fit and proper person' test, and the introduction of a gun register.

It's understood the Government will try and make it easy on owners to register their guns: Gun owners won't be required to register immediately, it'll likely be a rolling process, perhaps even over five years.

Kiwis could be required to register what weapons they have when their licence comes up for renewal, for instance.

Newshub understands the Government will move at some pace with the second lot of reforms, with the Bill likely to be introduced in July.

It would be a three-to-four month select committee process with the aim of getting a law passed by the end of the year.