Tech platforms will have to work with news companies to develop a voluntary code to govern their relationship by November 2020, or else the government will consider a mandatory code. — Reuters
Google and Facebook Inc will come under greater scrutiny from Australia’s competition regulator as the government seeks to rein in the market dominance of the digital giants.
Prime Minister Scott Morrison said a special unit will be set up within the competition watchdog to monitor digital platforms, with an immediate focus on online advertising. The government will also review privacy laws to better protect consumers. Morrison pledged to tackle the "power imbalance” between tech companies and traditional media and will force them to negotiate over revenue sharing and the use of news content.
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