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Australian broadcasters and free-to-air television networks may be able to make a ‘one-time transition to a new broadcaster s licence with reduced tax and content quotas on multichannels. In exchange, those who take up the ‘new licence must agree to transmit content on reduced radiofrequency spectrum, with surplus spectrum to be auctioned off to the telecommunications industry and proceeds used to fund a Create Australian Screen Trust (
CAST) and Public Interest News Gathering Trust (
PING Trust). Additionally, large Subscription Video-on-Demand (
SVOD) services and Advertising Video-on-Demand (
SPA backs regulation of streaming platforms tvtonight.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvtonight.com.au Daily Mail and Mail on Sunday newspapers.