Am I reading this right that a user or the news org itself can make a post linking to a AUS news site on Facebook and Facebook would have to pay the news org for the post under this law?
It's also just the start of the insanity. Google and FB also have to provide details of their ranking algorithms (and give 28 days notice of any upcoming changes). The law also only applies to Google and FB (not Twitter, not email, etc.) AND money only has to be given to News Corp. Not the ABC, SBS, etc.
There are plenty more 'WTF?' items in there, but it all boils down to Rupert Murdoch owning the government, and making them write laws to do his bidding.