financetom
Business
financetom
/
Business
/
Australia passes social media ban for children under 16
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australia passes social media ban for children under 16
Nov 28, 2024 4:38 AM

SYDNEY (Reuters) - Australia passed a law on Thursday to ban social media for children aged under 16 after days of heated debate, setting a standard for other countries to follow in a global push to curb the power of Big Tech.

The law, expected to take effect in November 2025, sets some of the toughest social media controls in the world and will force platforms to take reasonable steps to ensure age-verification protections are in place.

After a parliamentary session that went into the night, the country's Senate, or upper house of parliament, voted to pass the law after the centre-left Labor government of Prime Minister Anthony Albanese won support from the conservative opposition.

The Senate's approval for the law is the final legislative hurdle after the lower house, or House of Representatives, passed the bill on Wednesday.

Albanese, trying to lift his approval ratings ahead of an election expected in May, had argued that social media posed risks to the physical and mental health of children and is looking for support from parents.

Australia plans to trial an age-verification system that may include biometrics or government identification to enforce the ban. The trial will run for several months and its findings would be reviewed by mid-2025.

Under the law, companies could be fined up to A$49.5 million ($32 million) for breaches.

In submissions to parliament, Alphabet's Google and Meta said the ban should be delayed until the age-verification trial finishes, expected in mid-2025. Bytedance's TikTok said the bill needed more consultation, while Elon Musk's X argued the proposed law might hurt children's human rights.

A Senate committee backed the bill this week, but also inserted a condition that social media platforms should not force users to submit personal data such as passport and other digital identification to prove their age.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Johnson & Johnson Allegedly Engaged in 'Bad Faith' Bankruptcies That Harm Talc Victims, Lawsuit Says
Update: Johnson & Johnson Allegedly Engaged in 'Bad Faith' Bankruptcies That Harm Talc Victims, Lawsuit Says
May 22, 2024
01:53 PM EDT, 05/22/2024 (MT Newswires) -- (Updates with Johnson & Johnson's ( JNJ ) response.) Johnson & Johnson ( JNJ ) is alleged to have engaged in certain fraudulent transactions and bad faith bankruptcy filings that have hindered or delayed individuals who developed cancer from using the company's asbestos-laden talc products from having their day in court, according to...
Experts Predict Rise In COVID-19 Cases: Vaccine Stocks Climb
Experts Predict Rise In COVID-19 Cases: Vaccine Stocks Climb
May 22, 2024
Shares of vaccine producers' stocks are trading higher Wednesday on reports indicating disease experts predict a small rise in COVID-19 cases this summer. The Details: According to a report from NBC News, experts predict a small rise in COVID-19 cases as a newly dominant strain spreads. The new strain, KP.2, represents 28% of COVID-19 infections in the U.S. and experts...
Why Lifestance Health Group (LSFT) Stock Is Falling
Why Lifestance Health Group (LSFT) Stock Is Falling
May 22, 2024
LifeStance Health Group Inc ( LFST ) shares are trading lower by 19.8% to $6.00 during Wednesday’s session after the company announced pricing of a 20 million share offering by selling stockholders. The company’s secondary public offering of 20 million shares of its common stock at $6.25 per share. The underwriters have a 30-day option to purchase an additional 3...
What's Going On With Rivian's Stock?
What's Going On With Rivian's Stock?
May 22, 2024
Rivian Automotive, Inc ( RIVN ) shares are trading higher Wednesday. Here's a look at what's going on.  What To Know: Rivian has filed an application with the Environmental Protection Agency (EPA) to certify its 2025 model year R1T and R1S vehicles. According to a report from Electrek, Rivian has made modifications including a smaller battery and the addition of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved