The legislation mainly targets Facebook and Google.
News Media and Digital Platforms Mandatory Bargaining Code Passed By Australia
26 February 2021 Current Affairs:The Australian Parliament passed a landmark legislation called the News Media and Digital Platforms Mandatory Bargaining Code on February 25, 2021.
♦ The regulation requires global digital platforms to pay for publishing Australian news content on their respective platforms.
♦ The legislation mainly targets Facebook and Google.
♦ The law is easy to pass, and the tech giants (Facebook and Google) signed an agreement with the government to pay Australian news organizations.
♦ The agreement was signed to avoid the mandatory bargaining rules under the new regulations.
♦ This legislation will ensure that news companies “are fairly paid for their content” It will also help maintain “public interest news” in the country.