On Tuesday in Canberra, Prime Minister Anthony Albanese finally unveiled Labor’s draft News Media Bargaining Incentive laws. If tech giants negotiate commercial agreements with media organisations to pay for the journalism that appears on their platforms, a 2.25 per cent levy on the Australian revenue of these companies will be entirely offset.
The announcement came more than two years after Facebook owner Meta walked away from deals it struck with Australian media companies under the Morrison government’s News Media Bargaining Code.
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