Laws
The Australian Government legislated specific controls over the ownership of broadcasting on television and radio in the Broadcasting Services Act 1992. These effectively prohibit ownership of more than one television station or two radio stations in a given market. The Commonwealth's legislative reach over print media ownership is largely limited to general competition law such as the Trade Practices Act 1974.
On 14 March 2005, the Australian Government announced proposals to amend the current media ownership laws.
Read more about this topic: Media Ownership In Australia
Famous quotes containing the word laws:
“Between married persons, the cement of friendship is by the laws supposed so strong as to abolish all division of possessions: and has often, in reality, the force ascribed to it.
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—David Hume (1711–1776)
“Laws and customs may be creative of vice; and should be therefore perpetually under process of observation and correction: but laws and customs cannot be creative of virtue: they may encourage and help to preserve it; but they cannot originate it.”
—Harriet Martineau (1802–1876)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)