Senate debates Bills
Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021; In Committee
Jane Hume Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy
10:51 am
The government has always said it is preferable that deals can be done outside the code. We have seen that a number of media organisations have already entered into letters of intention with Google. Obviously yesterday Seven West Media announced it had entered into a letter of understanding with Facebook. We expect the digital platforms to continue those efforts to enter into agreements with more news media businesses and they can do this by putting a default offer on the table which publishers can choose to accept or use as a catalyst to reach a commercial agreement. It's important to remember that, in deciding whether to designate a platform, the Treasurer will have regard as to whether they have made a significant contribution to the sustainability of the Australian news industry through agreements relating to news content.
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