Media companies are calling for Treasurer Jim Chalmers to take control of implementing the government’s policy to force big tech platforms to pay for news content or face new taxes, arguing that it is too important to leave to a junior minister.
In mid-December, Assistant Treasurer Stephen Jones announced the News Bargaining Incentive, which will require platforms including Meta, Google and TikTok owner ByteDance to pay hundreds of millions of dollars in new taxes unless they strike deals to pay for Australian news.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
