Prime Minister Jacinda Ardern announced the ban on semi-automatic weapons just 72 hours after the terror attack on a Christchurch mosque which saw 50 people killed.
The ban will see a removal of all military style firearms in New Zealand; this includes semi-automatics which can be used with a detachable magazine with more than five rounds in it which is also the same case for semi-automatic shotguns.
Police Minister and Napier MP Stuart Nash said he was willing to look at allowing semi-automatic firearms for shooting competitions when the Government makes further changes to gun laws later this year.
He also said that the Government buyback scheme was still being worked out and was unlikely to be ready by the time the ban on military-style semi-automatics and assault rifles comes into force on Friday.
Penny said Nash and the Government could go even further with gun laws, especially after what happened in Christchurch.
"I believe that police should be the only ones to carry guns," Penny said.
"They're trained to read situations and not just shoot at random. It would better benefit the country, I believe."