3Simplified outline of this Act

3 Simplified outline of this Act

Charge is payable by an entity for a financial year if the entity (or the entity’s group if the entity is the head of a corporate group):

(a) provides a social media or internet search service of significance for Australia in the financial year; and

(b) has total relevant Australian digital advertising revenue that exceeds $250 million for the financial year.

The charge can be wholly or partly offset if the entity (or the entity’s group) provides consideration to Australian news businesses during the financial year:

(a) for the production, or to support the production, by the news businesses of news content; or

(b) in connection with news content produced by the news businesses being made publicly available online by the entity (or the entity’s group).