Daniel Mulino (Fraser, Australian Labor Party, Assistant Treasurer) | Link to this | Hansard source

I move:

That this bill be now read a second time.

This bill accompanies the News Media Bargaining (Administration) Bill to impose the charge and establish the rate of charge that underpins the News Bargaining Incentive framework.

The charge is set at 2.5 per cent of Australian digital advertising revenue generated from significant search and social media services operated in Australia.

The charge works with the offset mechanism in the administration bill to create a clear incentive for commercial agreements to be made by digital platforms to support a strong and diverse Australian news ecosystem.

Full details of the measure are contained in the explanatory memorandum.

Debate adjourned.