While police are still in the early stages of their investigation, Detective Inspector Garry Sims believes the incident was an accident.
'We are comfortable at this time that it appears to be some form of misadventure rather than a targeted criminal act,' he said.
'It's a tragic incident, we feel for the young man, we feel for his family, we feel for the people there at the time.'
At the time of the accident, locals told Nine News that there were many police vehicles in attendance and the area was cordoned off.
'Coming around the corner and there was about five cop cars... the shops were blocked off,' one local said.
It has been revealed that Mr Taylor's gun was unregistered.
- Daily Mail