Communication’s Minister Paul Fletcher said the tech giants would be forced to pay Australian news outlets and give companies transparency about how their content was ranked in search engines. “Non-compliance with the code will attract significant penalties which can include up to 10 per cent of the Australian turnover of the digital platform,” Mr Fletcher said.
“The influence of these digital platforms, namely Google and Facebook, has grown and our regulatory framework has not kept up and as result there is a very unequal bargaining position between Australian news media businesses that produce original content and the digital platforms,” Mr Frydenberg said.
This is really positive and long overdue. Big tech companies or 'data aggregators' have been making millions off content that others produce. I wouldn't be surprised however if FB and Google start charging Aus. users for their service if this goes through.
How bout they just start making them pay the tax they owe
Anyone who believes they would even receive the maximum penalty also would believe in rainbow unicorns
Not a huge amount of 'journalism' going on in Australia at the moment anyway. Mostly opinion.
Thoughts sammartino ? Not before time imo.
As long as it’s news and not stuff gotten off of skynews. Sky doesn’t promote news
Good for the government
$10 million given to an American billionaire to spread propaganda for the LNP. How about we start there.
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Google and Facebook forced to pay for Australian news | Sky News AustraliaTech giants will be forced to pay Australian media companies for their content or else they will be ushered into binding arbitration if parties cannot agree within a three-month window.\n\nThe world-first mandatory code was unveiled by Treasurer Josh Frydenberg today as he complained tech giants Google and Facebook had not made adequate progress towards paying companies for original journalism.\n\nGoogle alone has ripped hundreds and millions of dollars from Australian media companies in recent year and earned $4.3 billion in Australian advertising revenue in 2019.\n\n“The influence of these digital platforms namely Google and Facebook has grown and our regulatory framework has not kept up and as result there is a very unequal bargaining position between Australian news media businesses that produce original content and the digital platforms,” Mr Frydenberg said.\n\n“We as a government tasked the ACCC to undertake a detailed world leading study which they did over a period of 18-months and their recommendation was for a code to govern those relationships between those digital platforms and the Australian news businesses.\n\n“It became apparent to us a number of months ago that we were not making progress on that critical issue of paying for content hence we are moving down the path of a mandatory code.”\n\nMr Frydenberg said that the tech giants would also be forced to release user data and provide transparency about algorithms used to rank news stories.\n\n“A mandatory code that governs those relationships and covers issues such as access to user data, the transparency of algorithms used by digital platforms for ranking and the presentation of media content as well of course payment for content,” he said.\n\n“What we have sought to do is create a level playing field to ensure a fair go for Australian news businesses and when they generate original content, they are fairly paid for it.”\n\n\n I mean thats not a win either way. Both are pretty scummy. The only difference is social media is trying to replace conventional media and they dont like it. Facebook will pay the media companies who fit their agenda Do media companies have to pay to use Facebook?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Tech giants' ad revenue overwhelms major Australian media companiesAnalysis of financial results shows Facebook and Google last year generated $350 million more in Australian advertising revenue than all major domestic media companies combined.
Source: smh - 🏆 6. / 80 Read more »
'Taxpayers' left with 'increased burden' from govt super early access scheme | Sky News AustraliaLabor has expressed “great concern” over the Morrison government’s early access to superannuation scheme due to fears many people will be left with inadequate funds for retirement in the future. \n\nUnder the scheme, Australians struggling under the impact of the coronavirus would be allowed to access up to $10,000 of their super. \n\nOpposition Leader Anthony Albanese said on Thursday Labor was very concerned about Australians who partook of the scheme because it could mean “substantially less income for them when they retire, and that will place a greater burden on the future tax payers as well”. \n\n'Not only are we now facing the issue of increased debt which will have to be paid off for many years into the future, there will also be an increased burden as a result of people not having superannuation funds to fund their own retirement,” he said. \n\n“We know that this government has been prepared to undermine superannuation at every opportunity so we don’t blame at all people, individuals that have taken decision based upon a feeling that they need to get some immediate income.\n\n“This is a case of ideology being imposed by the government and we are very concerned about it.” \n\nImage: AP Oh well let’s just put it all on the socialist credit card. Nothing would go wrong with that. ScottMorrisonMP macsween_prue kelliekelly23 RitaPanahi mirandadevine M_McCormackMP australian viellarisr DebFrecklington GladysB JonathanLea10 mattjcan DamTom79 'Labor Leader of the Opposition Albanese the equivalent of a Twitter troll' Labor needs to worry about how to get Dan out so people have faith again in the VIC govt... Then they can move on to bashing LNP. While Dan is therw nobody will take Albo seriously.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Aus, China relationship a 'balancing act for govt' | Sky News AustraliaCornerstone Group Senior Director James Cullen says Australia’s relationship with China has been “a real tough balancing act for policy makers in Canberra” as they juggle national defence strategies and maintaining trade relationships. \n\nA recent report indicated China’s economy was projected to grow by eight per cent next year as it worked to prevent a second slew of coronavirus infections, which would greatly benefit Australian businesses relying on overseas trade to stay afloat amid the coronavirus crisis. \n\nMr Cullen told Sky News the success China had seen in suppressing a potential second wave “had some really great flow on”. \n\nHe said the government was occupied with “balancing these competing interests and issues over national security… humans rights situation in parts of China and of course that trade relationship which so many Australian businesses and jobs rely on”. \n\n“We know the trade balance is something which has held up by and large despite some of the bad economic numbers we’ve experienced in Australia,’ he said. \n\n“So we’ll continue to rely on it at the same time as the Australian government is going to have to continue to push back very strongly with some of these concerns and with the China relationship.” \n\n\n\n Guys, focus on Australian benefits and values in a long-standing way; we needn’t balance by sacrifice our freedom and justice. Forget about CCP, it is on the way of dying. The New Fedral State of China the real representation of kidnapped Chinese will do fair trade with Au. 🤞✌️
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Morrison govt's 'commitment to change making a difference' to Indigenous lives | Sky News AustraliaIndigenous Affairs Minister Ken Wyatt has praised the Morrison government for its approach to the new Closing the Gap agreement. \n\nPrime Minister Scott Morrison has unveiled 16 new targets - including early childhood education, life expectancy and justice reform - designed to improve Indigenous disadvantage in a bid to restart the failed Close the Gap initiative. \n\nMr Wyatt said the new agreement responded to the fact 'that we need to develop approaches to address the issues of inequality and inequity by having Indigenous Australians sitting and jointly designing, planning and developing a direction that is based on how we wrap around people'.\n\nThe minister underlined the level of enthusiasm through which the agreement was reached and said it marked a key distinction to previous attempts to support Indigenous communities. \n\nMr Wyatt also praised Mr Morrison for his efforts in pushing for the cause and was responsible for 'putting faith in the Indigenous community to develop targets for all of us to achieve” . \n\n'It is part of the Morrison Government's commitment to having a change of direction that is going to make a difference on the ground,' he said. \n\nImage: News Corp Australia KenWyattMP He's a member of the Morrison government so one would hope he's happy with his own policy! He also looks silly in that costume and is a jerk for wearing fur.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
LIVE: Sky News COVID-19 | Sky News AustraliaFeaturing regular local and global health alerts, as well as in-depth interviews and analysis from Sky News Australia, this channel is dedicated to 24/7 news coverage of the coronavirus pandemic including news conferences in full. Can some ask Denial Andrews? Whatever happened to 500 dedicated police taskforce announced 23 March 2020 to monitor & fine those that failed to isolate? Or was announcement a publicity stunt? 🤔 Royal Commission Now! auspol springst sackDanielAndrews Can somebody please ask DanielAndrewsMP to hive a microphone to whoever is asking a question at the daily press conferences. It’s just impossible to hear what they are saying. givejournalistsamicrophone The test cannot accurately predict Coronavirus and what did the 8 people die of. Old age? Heart attack? What underlying issues did they have? I'm assuming you will continue this hysteria until the economy entirely collapses unnecessarily?
Source: SkyNewsAust - 🏆 7. / 78 Read more »