<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Tech giants could soon face financial consequences if they don't make commercial deals with Australian news services.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The long-awaited draft legislation of the News Bargaining Incentive (NBI) was today opened for consultation by the Albanese government, triggering a major milestone for the media sector.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Under the draft News Bargaining Incentive (NBI), large digital platforms including Meta, Google and Tiktok's owner ByteDance will incur fees that can be reduced by setting up commercial deals with Australian news publishers.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/rebel-wilson-to-testify-in-court-case-against-costar/a98df2f7-dac4-45c5-a62a-c6d17dad3b0f" target="_blank"><strong><span>Rebel Wilson arrives at court ahead of taking the stand in defamation case</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>If the digital platform chooses not to set up a commercial agreement, they will pay the charge, which is calculated as a proportion of the company's revenue, in full.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Those fees will flow back to the news media sector to support journalists, with the government now welcoming feedback on the best way to distribute those funds.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"In an increasingly uncertain world, it is crucial Australians are able to get news seen through Australian eyes and with an Australian perspective," Assistant Treasurer Daniel Mulino said.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/news-bargaining-incentive-social-media-giants-forced-to-pay-for-news-under-strengthened-news-media-bargaining-code/dd71a298-1cd9-464a-b59c-a9972adbf792" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Large digital platforms have an important role to play in providing access to news for all Australians and being partners in innovation, we would like to see them work with the news media on commercial deals with benefit to both parties."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The proposed law sets out to address a shortcoming in the current News Media Bargaining Code, set up by the Morrison Government in 2021, which allowed social media giants to avoid entering into agreements by removing news from their service.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In early 2024, Meta announced it would not renew its Australian news agreements.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/donald-trump-ballroom-politicians-east-wing-whca-dinner-shooting-updates/9b908390-8d69-45c4-a4b8-1e8881be0053" target="_blank"><strong><span>Major boost to Donald Trump's grand ballroom ambitions</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Many news services across the country currently distribute their content for free online.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Albanese Government committed to establishing the NBI in December 2024, with the aim of incentivising social media giants to "contribute to the sustainability of Australian news and journalism".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Journalists are the lifeblood of Australia's media sector, playing a vital role in keeping communities informed about the news that matters to them," Albanese said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Local news matters to local communities and these stories can't be told without Australian journalists.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"My Government will always back Australian journalists and Australian news."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The NBI will apply to Australian news organisations, including newspapers, magazines, TV news programs, radio programs and websites, with an annual revenue over $150,000, according to the draft legislation.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The feedback period closes on May 18 and can be submitted online.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>