Australia passes landmark regulation requiring tech corporations to pay for information

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The authorities says that the regulation will make sure that information companies “are fairly remunerated for the content they generate, helping to sustain public interest journalism in Australia”

 Australia’s parliament adopted landmark legislation on Thursday requiring world digital platforms to pay for exhibiting Australian information content material on their platforms.

The regulation simply handed after Facebook and Google, the principle targets of the laws, reached agreements to pay Australian information organisations to keep away from being subjected to robust necessary bargaining guidelines underneath the regulation.

The authorities mentioned the regulation, referred to as the News Media and Digital Platforms Mandatory Bargaining Code, would make sure that information companies “are fairly remunerated for the content they generate, helping to sustain public interest journalism in Australia”.

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