Australia's Abandoned Legislation on Social Media Regulation

SOURCE www.breitbart.com
Australia has abandoned plans to fine social media companies for failing to curb misinformation after facing opposition in the senate. The proposed legislation aimed to impose fines of up to five percent of tech companies' yearly turnover for breaching safety obligations. The government will instead introduce a nationwide ban on social media for children under 16, with potential fines exceeding US$30 million for non-compliance.

Key Points

  • Australia faced opposition in the senate regarding the proposed legislation to fine tech companies for misinformation.
  • Tech baron Elon Musk criticized the Australian government, likening them to 'fascists'.
  • The government will implement a nationwide ban on social media for children under 16, with potential fines for non-compliance.

Cons

  • Abandoning fines may lead to continued spread of misinformation on social media.