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Albanese law forces Meta, Google, TikTok to pay $250M levy.

4/29/2026

33 6 Full Breakdown

Summary

Story summary

Anthony Albanese announced a law that forces Meta, Google and TikTok to strike news deals or pay a 2.25% levy.
The levy, from 2025-26 for platforms earning over A$250 million, could raise up to $250 million a year for news.
Nine Entertainment, the ABC and News Corp Australia support plan while Meta, Google and TikTok call it a tax.
Albanese says Australia will act despite U.S. President Donald Trump’s opposition.

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Story summary

Anthony Albanese announced a law that forces Meta, Google and TikTok to strike news deals or pay a 2.25% levy.
The levy, from 2025-26 for platforms earning over A$250 million, could raise up to $250 million a year for news.
Nine Entertainment, the ABC and News Corp Australia support plan while Meta, Google and TikTok call it a tax.
Albanese says Australia will act despite U.S. President Donald Trump’s opposition.