Facebook has reached an agreement with the Australian government and will restore news pages in the state days after being restricted.
The decision follows negotiations between the tech giant and the Australian government to pass a new media law that would make digital platforms pay for news.
“After further discussion, we are pleased that the Australian Government has approved a number of changes and warranties that address our core concerns about enabling commercial transactions that would increase the value of our platform to publishers relative to the value we receive from them. acknowledge, “Facebook said in an updated statement.
Prime Minister Scott Morrison’s administration made last minute changes to the proposed Media Negotiating Code, which is in parliament and is expected to be incorporated into law soon.
These changes include a two-month brokerage period to allow digital platforms and publishers to broker business before entering arbitration as a last resort.
The arbitration clause in the media bargaining code was one of the main reasons Facebook raised objections.
According to experts, the arbitrator will either rule in favor of one party – the digital platform or the publisher – with no room for a means agreement.
As part of the changes, the Australian government will take into account trade agreements that digital platforms like Google and Facebook have already entered into with local news media companies before deciding whether the code will apply to the tech giants.
The government will also notify the digital platforms a month before the final decision.
The changes are intended to give digital platforms and news organizations “further clarity” on how the negotiating code will be implemented, the government said.
– CNBC’s Will Koulouris contributed to this report.
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