The Great Concession: Labor Backs Down on News Levy The Australian government's plan to make tech giants pay for hosting news content has been a long time coming.
However, principle will have to take a backseat to pragmatism in the wake of Prime Minister Anthony Albanese's reversal of a late change to the News Bargaining Incentive (NBI) scheme.
Initially, the NBI scheme was designed to spread wealth among media outlets by reducing the cut that tech firms would pay from 25% to 17%.