Australian upper house passes amended bargaining code for media, tech platforms ANI | Updated: Feb 24, 2021 21:16 IST
Canberra [Australia], February 24 (ANI): The Australian upper house on Wednesday announced passing of an amended version of the mandatory bargaining code for digital platforms that will make the tech companies share revenue with media businesses. The Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2021 has passed the Senate with government amendments, the Australian Senate tweeted.
The country s treasury on Tuesday had presented amendments to the original code, introduced after Facebook removed posts of Australian news outlets and government pages amid the debate with Canberra over the bill.
News Media Code passes senate in final hours of sitting mumbrella.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mumbrella.com.au Daily Mail and Mail on Sunday newspapers.
Responding to changes to director resignation requirements
By Jerome Doraisamy|23 February 2021
Recent changes to the
Corporations Act provide an opportunity to bolster internal processes and ensure law departments have steps in place to better notify regulators.
Changes have also been made, K&L Gates special counsel Ben Benson and Susan Parker (both pictured) said, to director resignations. From 18 February 2021, changes to the
Corporations Act 2001 made by the
Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 came into effect. The new provisions commenced on 18 February 2020 but due to a 12-month transitional period, are only now about to apply.
The effective date of a director’s resignation, he said, will now depend on when ASIC is notified of the resignation.
Mandatory bargaining code does little benefit for Australians, says GlobalData
23 Feb 2021 Mandatory bargaining code does little benefit for Australians, says GlobalData Posted in Technology
In response to the Australian Parliament’s Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill, which went into effect on 17 February 2021, Facebook has decided to pull all content and links from designated Australian news sources from its platforms. Against this backdrop, Australia is relatively a small market for big companies such as Facebook and Google, and the law does little benefit to Australians, says GlobalData, a leading data and analytics company.
Reportedly, Facebook pulled down community pages, news regarding Australian health matters, and others that might regarded as providing valuable information services for the community.
23 Feb 2021 Mandatory bargaining code does little benefit for Australians, says GlobalData Posted in Technology In response to the. | February 28, 2021