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But recording it off the radio and using that instead of buying the CD definitely is, as that's not what was paid for.
What is fair compensation for private copying?Anyone is allowed to copy music, movies, and television and radio broadcasts for their own private use. This is based on the Finnish Copyright Act, which allows published works to be copied without the author's permission. This type of copying is called "private copying."In 1984, the Finnish Copyright Act was amended so that a "blank tape levy" was introduced to compensate private copying. Due to the European Union Copyright Directive the blank tape levy is now called "fair compensation for private copying." The purpose of fair compensation for private copying is to guarantee that when an EU Member State allows private copying, the creators and other right-owners will receive fair compensation.