Opened the debate
Watt moved the second reading of the bills, explaining that the News Bargaining Incentive aims to encourage commercial agreements between digital platforms and news publishers. Watt stated that if platforms refuse to negotiate, they will face a charge based on Australian digital advertising revenue, with all proceeds returned to the news sector via the News Journalism Payment Scheme. Watt highlighted that payments would be formula-based, tied to the number of journalists employed, with a 20 per cent uplift for regional, remote, and diverse community outlets. Watt noted that five per cent of revenue would be allocated to grants for small publishers and start-ups, and another five per cent to the Australian Associated Press.