Facebook Will Ensure Zero News Appear In Your Feed If The News Code Goes Through
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Facebook has reiterated a previous threat to get rid of news for Australian users, this time reminding Australian politicians that news is a “very small” proportion of the content that they show to users.
As part of the inquiry into the Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2020, Facebook’s APAC president for public policy Simon Milner and the Australian head of public policy Josh Machin both appeared in front of the Senate committee on Economics to talk about the proposed law.
The code could require Google and Facebook to pay up for simply including links to news articles from other sites. This has never been a requirement on the web.
On 10 December 2020, the Australian Senate established an inquiry into the proposed bargaining code between media organisations and digital platforms. The Conversation made this submission.
The Tax Institute has called on the government to provide further details about its proposed provisions for super funds and SMSFs relating to the prohibition on certain payments and investments and the associated civil penalties.