Oh no, not that, anything but that. In all seriousness I hope this drives the less informed in Australia to seek out actual news sources and break out of the echo chamber that is Facebook. And I hope it forces Facebook to actually support journalism instead of leeching off of it. You can't have a robust democracy without a robust fourth estate.
This is a rabbit hole, and Australian govt wont let it go easily. They will next complain about screenshots being shared - tough to monitor but they are literally taking away the traffic from news sites. People move away from a website if it can't fulfill their needs. But, if they have all the needs (wants?) fulfilled except the part about news, they won't go to another site, they will just find a hack to fulfill the news bit. How far can the content moderation go? Given the motives of publishers are not noble here, asking for money for something they should be paying, not having traffic would hurt them badly. This is what Facebook is betting on, but given the size of the issue, it would be embarrassment for the govt to walk back the proposals after FB has withdrawn. Give it a year, they will come to an agreement where both parties win.