Australia scraps plan to fine tech firms for misinformation but pushes forward with social media ban for under-16s.

Australia has decided to drop plans to fine tech companies for failing to control misinformation, due to significant opposition in the Senate. The proposed bill aimed to impose fines of up to 5% of a company's annual revenue. Despite this, Australia is still pushing ahead with a new law to ban children under 16 from social media, with potential fines of over $30 million for companies that don't comply.

November 24, 2024
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