A federal bill that will require Google and Meta to pay media outlets for news content that they share or otherwise repurpose on their platforms is set to become law.
With Parliament passing The Online News Act, Royal Assent is imminent. Next will be a regulatory process that establishes that the largest companies must enter into agreements to pay news companies their content generates revenue.
This is a significant step forward. It also advances the bar beyond Australia’s approach because it will involve an ongoing regulatory test to determine which firms are large enough to need to pay rather than having them designated by the responsible Cabinet minister.