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let's talk to our guest, peter lewis, director of the australia institute for responsible technology and he joins us from sydney. what do you make of all of this? peter lewis this is a monopoly trying to scare down a democratic global government. and this is to address the monopoly power of google and facebook and advertising, and one of those pieces of legislation passed are lower house on the tuesday night and by the wednesday morning, facebook pulled out the big guns. rishaad: absolutely. facebook's response to that legislation has been heavy-handed. how is this going to affect people who are using facebook ultimately, and what needs to be done to get through what is a minefield? peter lewis the initial move by facebook to take down what they said were news sites actually covered public health information, information about domestic violence and a whole bunch of civil society pages. they are in the process of restoring some, but not all of those. we will be left with a facebook in australia where people are prohibited from accessing public interest either local or international while facebook continues to be

joining us from sydney is zip co ceo peter john gray.ou have called this period as transformational. why? peter: it really was a transformational period after we acquired the fastest-growing payment company in the u.s.. our acquisition in the u.s. market is in the very early stages of market georgie -- market micu already -- market maturity. to be one of the fastest growing players in that environment has had a really great outcome. the group has produced outstanding numbers. haidi: we are just days away from a code of conduct being signed by you and other players. can you give us insight on what regulatory measures can be expected? there has been talk of capping borrowing and limiting fees. peter: we welcome the introduction of the code. it is the first step toward protecting australian consumers from the conduct and free structures -- and fee structures of some of the product. id checks will be conducted on all applicants. our view is that it is a necessary first step but it is a work in progress as we continue to develop that protect

well that's peter underwood who's a sports marketing consultant and joins us by skype from coffs harbor in australia underwood welcome to you know what about selling paper has pay off from sydney's but back in the ninety's tell us 1st of all about this that's going from the selection process why was it necessary and how does it work well i go back to when sydney won the right to host the olympic games back in 9093 and it was 5 drama you know we had one antonio samaranch up there going and the winner is sydney and you know there was spontaneous celebrations in the streets of sydney where is this time it's more or less a press release going out saying there has been as the preferred candidate for the 2032 olympic games and all this kind of bell because the international olympic committee quite frankly had to clean up its act when it came to bidding there were a lot of concerns about not only corruption in terms of influencing i.o.c. members but secondly they were voting blocs and some countries would fall back on certain bidding cities as a part of a wider political d ok so what they are say did was take it out of the hands of the i.o.c. members it's now like a tendering process f