Google, Meta and TikTok face new levy to pay for Australian news as Albanese reveals media plan

Anthony Albanese has urged Google, Meta and TikTok to make deals with Australian media outlets to avoid a dedicated 2.25% levy on local revenues, warning digital giants should not be able to exploit the work of journalists to boost profits. Releasing an exposure draft for the government’s news bargaining incentive (NBI) scheme on Tuesday, the prime minister said platforms who sign new deals with publishers to pay for news content would receive offsets of between 150% to 170% from the new levy. Any revenue collected will be directed to support Australian journalism. The NBI model replaces the Morrison government’s news media bargaining code (NMBC), which Labor says is no longer effective. The model comes more than two years after Meta , the parent company of Facebook and Instagram, said it would not renew deals worth about $70m to compensate for news content being shared on their platforms. The new model means digital platforms operating significant social media or search services can avoid the levy by entering into new commercial agreements with publishers. Labor first proposed the NBI in late 2024 , as Meta and other platforms started side-stepping the the NMBC. Meta had accused a federal parliamentary committee of ignoring “the realities of how our platforms work”, and the value that Facebook and Instagram brought to news outlets. …