We do have universal registration and the storage requirements for more powerful firearms are pretty strict, but it's perfectly possible to own a gun if you haven't got a criminal record. There's probably around five to seven million legally held private firearms in Australia, and that's not that bad for a country of only twenty million people.
Great news! Thanks for that update...
What do they say about owning a .50 caliber? Some of our politicians are nervous about civilians here having them.