The new code, approved by the Australian Parliament on Thursday, will “ensure that media businesses get paid the most for the content they create,” Australian Treasurer Josh Friedenberg said in a statement.
Meanwhile, mediation will now only be used as a “last resort” following a period of “good faith” mediation.
Facebook said the new agreement would allow it to “support publishers of our choice” after those amendments were made. It later revealed an agreement with Seven West Media, Australia’s leading news agency, which plans to sign more with other publishers..
The Australian government said it would be reviewed by the Treasury Department after a year, “ensuring it delivers decisions that are consistent with the government’s policy objective.”
While Facebook has found a solution to its problems in Australia, it still defends its opposition to similar far-sighted actions.
Former British Prime Minister Clegg, in his statement, opened up about the company’s decision to stop news sharing in the country, acknowledging that the move “felt sudden and dramatic to many.”
“This is not an easy decision. The company has been in discussions with the Australian government for three years, trying to explain why this unnamed proposed law is unenforceable,” he wrote.
He argued last week that there was no other option but to take swift action, “that it is legally necessary to do so before the new law comes into force.”
– Julia Horowitz contributed to this report.