The announcement comes after a month of bitter wrangling between the US tech company and Canberra, which have been working on legislation forcing tech platforms to pay news publishers for content.
Campbell Brown, Facebook’s vice president for global news partnerships, said in a statement that the agreement “will allow us to support the publishers we choose, including both small and local publishers.” She added that the company “will bring back the news on Facebook in Australia in the coming days.”
Facebook notified the government of its decision, according to Australian Communications Minister Paul Fletcher.
The announcement also came as the Australian Senate debated the latest iteration of the Media Act, which was first introduced last summer.
The Australian government said Tuesday it will amend the code to include a clause that “should take into account whether the digital platform has made a significant contribution to the sustainability of the Australian news industry by reaching trade agreements with news media companies,” among other measures.
“The government has made clear that we will retain the ability to decide whether news will appear on Facebook so that we are not automatically subject to forced negotiations,” said Brown of Facebook. “Our goal has always been to support journalism in Australia and around the world. We will continue to invest in news globally, and resist efforts by media conglomerates to develop regulatory frameworks that do not take into account the real value exchange between publishers and platforms like Facebook.”
Kerry Flynn contributed to this report.