This proposal involves two components relating to tax deductibility of spending on, and donations to, news media organisations in Australia that adhere to appropriate standards of practice for public interest journalism.

Component 1: Introduce deductible gift recipient status for organisations that meet the following criteria.

• A minimum of 75 per cent of total spending over the previous 12 months on production and dissemination of news, public-interest journalism or other fact-based editorial content.
• A minimum of 75 per cent of total revenue derived from sales, subscriptions, advertising revenue or other individual or philanthropic donations.
• A turnover exceeding $1 million in the previous financial year.
• Primary business and dominant purpose is the production and distribution of news and editorial content that is in the public interest. This test would exclude organisations producing content whose purpose is promotional, or for public relations or advocacy.

Component 2: Make subscriptions, donations and purchases of news media tax deductible to individuals.

Both components would be implemented from 1 July 2019.