Australia introduced draft legislation that would require major tech companies like Meta, Google, and TikTok to pay local publishers for news content. Failure to comply could result in a 2.25 percent levy on their Australian revenue.

Australia unveiled draft laws on Tuesday that would force Meta, Google and TikTok to pay local publishers for news content or face a levy worth 2.25 percent of their Australian revenue in a major push to support struggling media outlets and curb the dominance of global tech platforms.