Check here - Australian exceptionalism
I don’t think the proposed legislation will do quite what jsnell says it will, though Google (and presumably Facebook) are advertising hard against it.
Note that the legislation does not in any way force Google et al to agree to any particular commercial terms, so they still hold the commercial power because it’s not like Murdoch and co and just walk away and ignore those platforms for news delivery - that won’t get them ANY clicks.
It also has zero impact on global News orgs delivering content to Australian users since the legislation applies to Australian news outlets only.