Australia: Parliament passes news media and digital platforms bargaining code
The Parliament of Australia passed, on 25 February 2021, the Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021. In particular, the code aims to address the bargaining power imbalance between news media businesses and digital platforms and ensure that businesses are remunerated for the content they generate. Furthermore, the code provides a framework for negotiations between parties and an arbitration process to resolve any outstanding disputes. Notably, the code encourages parties to undertake commercial negotiations outside the code and was recently amended so that any decisions to designate a platform under the code must take into account whether a digital platform has made a significant contribution to the sustainability of the Australian news industry through reaching commercial agreements with news media businesses.
You can read the bill and track its progress here.