Sam Koslowski

This was a different government now.

We had the Morrison government was the government responsible for the News Media Bargaining Code.

Yep.

And now we've got the Albanese government now looking at what the next iteration will be.

Very interesting, isn't he?

It's very interesting in terms of, you know, that's why you see the Assistant Treasurer Daniel Molino up there with the Prime Minister making those announcements last week.

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Which it still is to this day.

They've come out with a brand new piece of legislation that has all different rules for us to try and figure out.

These are notoriously complicated.

They're so complicated.

So I think I've nailed the way to try and explain it simply.

So basically what they've said is if you're a social media company, we're going to put an extra levy or an extra fee on top of the taxes that you pay of 2.25% of the revenue that you make in Australia from Australian businesses, mainly through advertising.

So for the simplicity of numbers, let's say that if a company makes $100 million, they've now got under this scheme an extra $2.25 million.

Yeah.