Senate debates

Wednesday, 24 February 2021

Bills

Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021; In Committee

9:45 am

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

The decision will be made based on the information that is available at the time and in accordance with advice from the ACCC. I should remind you that this amendment has not taken out final offer arbitration from the code. In fact, final offer arbitration is still a last resort, when commercial deals cannot be reached, by requiring mediation in good faith to occur prior to arbitration for no longer than two months. Importantly, the amendments strengthen the hand of regional and small publishers in obtaining appropriate remuneration for the use of their content by the digital platforms.

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