Australia’s treasurer has advised the tech giants to accept that their platforms will have to start paying for content, amid threats from Facebook and Google to limit services in the country if such a policy is enacted.

Canberra is finalizing legislation that would require the internet behemoths to obtain licenses to use content created by Australian news outlets. Both companies have warned that they would retaliate over the revenue-sharing scheme, with Google saying last week that it would remove its search engine from Australia, and Facebook declaring that it would strip news from the feeds of all Australian users.

On Sunday, Treasurer Josh Frydenberg pushed back on the ultimatums, signaling that the Australian government wouldn’t reverse course. (RT)