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The Council of Licenced Firearms Owners is exploring legal action over the Government's gun buyback scheme over what it says are unfair prices.
And council spokeswoman Nicole McKee said that while the council is urging its 40,000-odd members to abide by the law, some have told her that they don't intend to hand in their now-illegal firearms.
"Some of the offered prices for higher-end firearms are well out of kilter. We're talking thousands of dollars," McKee said.
Police released an extensive list of guns, each with a price for poor condition (25 per cent of the base price), average condition (70 per cent of the base price), and new or near-new condition (95 per cent of the base price).
The list also includes gun parts - including magazines, silencers, open sights and custom triggers - with a different price setting: 70 per cent of the base price for new or used, and 25 per cent of the base price for poor condition.
Gun City owner David Tipple said the offered prices for the guns were about 25 per cent below what they should be, and the prices for the components were even worse.
"The component prices are horrible robbery."
"The Government kept saying they weren't going to rip us off. They said they would pay full value. They're not, and 250,000 [firearms licence holders] are starting to feel ripped off.
"They're angry and they're frustrated."
Making matters worse was the fact that business losses or items such as a safe for securing guns were also not covered, McKee said.
"That is unfair. Businesses have operated legally, have purchased and invested legally, and they're not being fairly compensated.
"Why do we have to go through this when a foreign terrorist came into this country and committed a crime? The firearms owners are being made scapegoats."