WELLINGTON, April 10 (Xinhua) -- New Zealand announced on Wednesday that a legal framework for the gun buyback will be established.

New Zealand's Police Minister Stuart Nash confirmed in the press release that a legal framework for the gun buyback would be established as a first step towards determining the level of compensation. The framework will include compensation for high capacity magazines and parts.

Nash outlined changes to the Arms (Prohibited Firearms, Magazines and Parts) Amendment Bill which would be debated during the committee stages of the legislation.

"Independent advisors will develop the price list for approval by Cabinet. A separate expert panel of advisors will be established to determine fair compensation for high value firearms," said Nash.

"The regulations will create a framework to set compensation based on make, model and condition of the items. They will provide for rights of review and appeal." Nash said.

Meanwhile, Nash said that overseas experiences are being consulted as the New Zealand Police is working with Australian officials to familiarize themselves with the pitfalls and legal risks encountered there.

New Zealand's government decided to change gun laws and ban semi-automatic firearms after the Christchurch terror attacks which killed 50 people. The gun buyback scheme is part of the legislative process in the gun law reform.