[32-40win]

Read this and cringe;

Copied from Kiwi Gun Blog.

My name is John Herbert and I was one of the experts involved with KPMG led pricing scheme for the buyback. I am also part of the Firearms Community Advisory Forum that works with Police to advise on legislation etc.

There are some things you need to know.

The published document has errors and omissions. This occurred because of the following reasons.

1. Like the legislation it was rushed. All the pricing was done over one 5 hour period. 5 hours to get a possible 1 billion dollar buy back correct. KPMG made it clear this was our one shot at it.
2. The pricing was not checked post the meeting by the experts but was presented as written by KPMG staff who were constantly being corrected by the experts during the 5 hours we were doing the pricing. The KPMG staff had no firearms experience at all and did not understand the terminology or descriptions.
3. There were separate prices for E category firearms and A category firearms. This is not reflected in the document.
4. The experts all agreed that accessories specifically magazines should be purchased at full retail, KPMG agreed. 70% means that most people will get less than what the paid
5. The pricing for collectable Semi Autos like M1 Garand’s M1 Carbines and German WW2 rifles is incorrect. It was made clear to KPMG that these rifles are appreciating in value and that a 95 70 25% value rating does not reflect their actual value. Simply put a Garand is 70 years old now, how can new or near new be applied in this instance? The pricing given for these collectables was based on the documented sale prices of these rifles over the last two years. Any Garand in reasonable condition will be a $6k plus rifle.
6. The parts list has many omissions, again everything was rushed, but some items have just not been included. There is no parts list for many rifles L1A1, G3, M14 etc. Nothing for rifle stocks and barrels for many rifles.
7. The document has ambiguous descriptions and double entries; again if it was fact checked by the experts this could have been fixed. As an example there are multiple entries for SVT40 rifles as well as for M1 Garand’s. Bushmaster AR15 rifles don’t even have a price, (plenty of them in NZ).
8. Experts agreed with KPMG that individual valuations could take place and the fee should be fair, say $50. $120 is not fair.
9. There is nothing published that addresses pricing of Semi Auto bespoke accessories like AR15 only Scopes, slings, Bayonets magazine pouches etc. These items are all useless with the rifles and owners will want compensation at market value.

Again we have a rushed half arsed process that says to firearm owners we don’t care about you and we don’t care to understand what your assets are worth. When the Australians who were involved with their buyback came over in March April to advise they made it very clear to the Government and Police “You need to pay full price if you want compliance”. Clearly this has been ignored. Many in the firearms community and all involved in the pricing are appalled.

The published pricing has dramatically increased the chances of Noncompliance. Noncompliance is the worst case scenario and Police will attest to that. In NZ we expect things to be fair; when the Govt buys your house so they can put a road through they pay market value, why is this model not being applied to firearms owners who it must be said have done nothing wrong here. As a community we are being treated as second class citizens, our opinions are not being listened to and our assets are being taken at below market rates. We believe the low prices reflect the governments fear over the cost of the buyback, we believe they know full well this will cost over 1 billion dollars but will it make NZ a safer place? Not when the likelihood of a big Grey Gun market is rapidly becoming a reality.



Kiwi Gun Blog