FACEBOOK will reinstate Australian news on its platform after the Morrison Government agreed to further amend its mandatory media bargaining code.
Treasurer Josh Frydenberg confirmed the last-minute legislative changes on Tuesday afternoon after days of negotiations with the social media giant.
"These amendments will provide further clarity to digital platforms and news media businesses about the way the code is intended to operate and strengthen the framework for ensuring news media businesses are fairly remunerated," he said.
"The government has been advised by Facebook that it intends to restore Australian news pages in the coming days."
The amendments will give parties more time to broker agreements before they are forced to enter binding arbitration.
The changes also clarify the government's role in considering commercial deals struck between parties, and give digital platforms one month's notice before they are formally designated under the code.