SYDNEY, Nov 4 (Reuters) - Australia will introduce laws

requiring streaming platforms to invest set amounts of money in

local content, the federal government said on Tuesday.

The centre-left Labor government will require the platforms

to invest at least 10% of total expenditure in Australia or 7.5%

of revenue to new Australian drama, children's content,

documentaries and arts and educational programs, arts minister

Tony Burke and communications minister Anika Wells said in a

statement.