Who has an interest in presenting this as a simple trigger?
The gain matrix suggests that the decline in investments is just a signal in a more complex game where the Australian government maximizes its political and cultural gains against platforms.
If the government were a passive player, it would only react, but the implementation of quotas shows a proactive strategy to protect the local industry, as the EU directive on audiovisual media services has demonstrated for Europe.
The balance risk is that platforms reduce their presence, demonstrating a misalignment of pre-existing incentives to invest locally.
This is not a reaction, but a power negotiation, where, for example, Netflix adjusts its global investments based on local regulatory pressure, seeking more lenient markets.