Broadcasting Legislation Amendment (Television & Radio Licence Fees) Bill.

I would like to thank the members who have contributed to this debate on the Broadcasting Legislation Amendment (Television and Radio Licence Fees) Bill 2016.

This bill will give effect to a 25 per cent reduction in the licence fees payable by commercial television and radio broadcasters that was included in the 2016-17 budget.

This fee reduction recognises that the Australian media market has changed significantly since licensees were first introduced in the mid-1950s, with the move to online and on-demand content fragmenting the market for media services, and increasing competition.

I encourage all members to consider the measures in this bill as a priority as they relate to fees payable by the broadcasters by 31 December this year.