Senate debates

Wednesday, 24 February 2021

Bills

Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021; In Committee

9:36 am

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

The government has always said that it's preferable if deals can be done outside of the code, and we've seen a number of media organisations that have already entered into letters of intention with Google. Yesterday of course Seven West Media announced it had entered into a letter of understanding with Facebook. This is all good news. We expect the digital platforms to continue their efforts to enter into agreements with more news media businesses. They can do this outside of the code by putting a standard offer on the table which publishers can choose to accept or as a catalyst to reach a commercial agreement. It's important to remember that, in deciding whether to designate a digital platform, the Treasurer will have regard to whether the digital platform has made a significant contribution to the sustainability of the Australian news industry through agreements relating to news content.

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