Yes, once law is passed and Facebook is designated under it as a "designated digital platform corporation" then it will be obligated either pay remuneration to all "registered news business corporations" in Australia for content they voluntarily post on Facebook, or not allow any Australian news on their site at all. The same applies to Google and in theory any other digital platform corporation designated by the Australian government. The law makes no distinction according to where the content is shown, but only Australian news businesses can benefit from it.
The purpose of the law is to "address a bargaining power imbalance that exists between digital platforms and Australian news businesses" and amends the Competition and Consumer Act 2010 to create a "News Media and Digital Platforms Mandatory Bargaining Code".
Currently Australian news companies, like any other Facebook user voluntarily posting content on the site, are paid nothing by Facebook. Similarly, Google doesn't pay anyone for the content the indexed on their site, essentially also voluntarily, since it's trivial to opt out of this. The Australian government sees this as the result of unfair competition. According to them, Facebook and Google have abused their power to force Rupert Murdoch's News Corp and other Australian news companies to agree to put their content on their sites for free.
This new bargaining code seeks to solve this problem by forcing designated digital platform corporations and registered news business corporations into final offer arbitration over remuneration if they can't come to a negotiated agreement. Any arbitration determination would require that Facebook or Google to pay some amount of remuneration, and the determination would be based in part on "the benefit (whether monetary or otherwise) of the registered news business’ covered news content to the designated digital platform service". This would include the benefit they receive by showing the content outside of Australia.
A key part of the law is it's "non-differentiation" requirements. This would prohibit Facebook and Google from showing or indexing Australian news corporations' content differently depending on whether they're forced to pay them money or not, or even whether they're an officially registered news business or not. This means Facebook and Google aren't allowed to choose to show some Australian news businesses' content and not others. If they show any of their content then they must show content from them all. If they show content from a registered Australian news business anywhere in the world then they must pay for it.
This leaves Facebook and Google with three options if the law passes:
- Pay for news content from all registered Australian news business.
- Don't show or index any Australian news business content.
- Remove their presence completely from Australia to prevent Australia from enforcing their law on them.