Australia’s News Bargaining Incentive which the Albanese government says will force social media and technology giants to cough up for local news media will be introduced into parliament, despite industry leaders warning the changes would “gut” the scheme.

The prime minister has pledged to slug tech giants in the face of threats from the Trump administration.

Prime Minister Anthony Albanese is currently negotiating with Opposition Leader Angus Taylor to get the News Bargaining Incentive quickly passed by parliament.