00:00Welcome back. Australia says tech giants, including Meta, Google and TikTok, could face multi-million dollar charges if they fail
00:09to pay for news content.
00:11The government is proposing a news bargaining incentive that would impose a 2.25% levy on their local revenues
00:19unless they voluntarily strike deals to pay local outlets for news.
00:24Funds collected would be channeled back into the country's journalism sector.
00:29People are increasingly getting their news directly from Facebook, from TikTok and from Google.
00:34And we believe it's only fair that large digital platforms contribute to the hard work of journalism that enriches their
00:40feeds and that drives their revenue.
00:43She added that platforms should negotiate with news organizations, warning those that do not would end up paying more.
00:50The proposal has drawn pushback from U.S. President Donald Trump, who opposes digital taxes on American tech firms and
00:59has threatened tariffs on countries that introduced them.
01:02Under draft legislation, the levy would take effect from the 2025-2026 financial year starting July 1.
01:10The new scheme would replace Australia's 2021 media bargaining laws, which required tech firms to pay for news content, but
01:18are now considered ineffective.
01:21Under those rules, Meta briefly blocked news sharing before later signing deals with Australian publishers that expired in 2024.
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