(CNN) — Australia is moving to impose sweeping new rules that would require Facebook and Google to pay media organizations for the use of their news content.
Australia is moving to impose sweeping new rules that would require Facebook and Google to pay media organizations for the use of their news content.
Regulators on Friday released draft legislation that would let news publishers in the country negotiate compensation with the two tech companies for sharing or displaying their stories.
It would allow certain media outlets to bargain either individually or collectively with Facebook and Google — and to enter arbitration if the parties can't reach an agreement within three months, according to the Australian Competition and Consumer Commission (ACCC), which put out the proposed legislation. That process would involve an independent arbitrator looking at offers from both sides and settling the matter within 45 business days.
The legislation will next undergo a public consultation phase, after which it will be finalized and put forward to Australian parliament, where lawmakers will vote on whether to pass it. — Michelle Toh, CNN Business/@CNN