From National Review:

“Australia” is Obama’s preferred euphemism for that most cherished of gun-control ideals: mass confiscation of the citizenry’s weapons.

You will notice that the president doesn’t exactly spell out what following Australia’s model would entail. He speaks instead of “commonsense gun-control legislation,” “closing the gun-show loophole,” and “universal background checks.”

But the Australian 1996 National Agreement on Firearms was not a benign set of commonsense gun-control rules: It was a gun-confiscation program rushed through the Australian parliament just twelve days after a 28-year-old man killed 35 people with a semi-automatic rifle in the Tasmanian city of Port Arthur. The Council of Foreign relations summarizes the Aussie measure nicely: