Australia to charge tech companies for news content if they do not pay

12/12/2024 16:33

Australia's centre-left government said on Thursday it planned new rules that would charge big tech firms millions of dollars if they did not pay Australian media companies for news hosted on their platforms.



The move piles pressure on global tech giants such as Facebook-owner Meta Platforms and Alphabet's Google to pay publishers for content or face the risk of paying millions to continue operations in Australia.



"The news bargaining initiative will ... will create a financial incentive for agreement-making between digital platforms and news media businesses in Australia," Assistant Treasurer and Minister for Financial Services Stephen Jones told a press conference.



The platforms at risk will be significant social media platforms and search engines with an Australian-based revenue in excess of $250 million, he said.



The charge will be offset for any commercial agreements that are voluntarily entered into between the platforms and news media businesses, Jones added.