Leaders in the industry like Michael Miller, executive chair of News Corp Australia, applauded the government's recent step, stating, "This will provide a foundation for rebuilding the media industry after the loss of an estimated 1,000 jobs this year, and ensuring Australian news media businesses will continue to deliver inquiring and professional journalism, which has never been more important to cohesive, democratic societies."
The new amendments would require any platform that makes more an Australian revenue of more than $250 million (160 million USD) to pay a set fee or create a direct agreement with publishers.
Australia's recent legislative push signifies a strong stance on big tech, ensuring they compensate local publishers for content after Meta backed out of previous agreements.
Last month the country introduced a law that, if passed, would ban all people 16 and younger from social media, reflecting its serious approach to platform regulation.
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