• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Australia launches ‘landmark’ bill to ban social media for children under 16

by November 21, 2024
written by November 21, 2024

By Renju Jose

SYDNEY (Reuters) – Australia’s centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and proposed fines of up to A$49.5 million ($32 million) for social media platforms for systemic breaches.

Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date.

The proposals are the highest age limit set by any country, and would have no exemption for parental consent and no exemption for pre-existing accounts.

“This is a landmark reform. We know some kids will find workarounds, but we’re sending a message to social media companies to clean up their act,” Prime Minister Anthony Albanese said in a statement.

The opposition Liberal party plans to support the bill though independents and the Green party have demanded more details on the proposed law, which would impact Meta Platforms (NASDAQ:META)’ Instagram and Facebook, Bytedance’s TikTok and Elon Musk’s X and Snapchat.

But Albanese said children will have access to messaging, online gaming, and health and education related services, such as youth mental health support platform Headspace, and Alphabet (NASDAQ:GOOGL)’s Google Classroom and YouTube.

The Albanese-led Labor government has been arguing excessive use of social media poses risks to physical and mental health of children, in particular the risks to girls from harmful depictions of body image, and misogynist content aimed at boys.

A number of countries have already vowed to curb social media use by children through legislation, but Australia’s policy is one of the most stringent.

France last year proposed a ban on social media for those under 15 but users were able to avoid the ban with parental consent. The United States has for decades required technology companies to seek parental consent to access the data of children under 13.

“For too many young Australians, social media can be harmful. Almost two-thirds of 14 to 17-year-old Australians have viewed extremely harmful content online, including drug abuse, suicide or self-harm,” Communications Minister Michelle Rowland told parliament on Thursday.

The law would force social media platforms, and not parents or young people, to take reasonable steps to ensure the age-verification protections are in place.

The proposed law will contain robust privacy provisions, including requiring platforms to destroy any information collected to safeguard the personal data of users, Rowland said.

“Social media has a social responsibility … that’s why we are making big changes to hold platforms to account for user safety,” Rowland said.

($1 = 1.5356 Australian dollars)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Bitcoin breaks $95,000 for first time on optimism over Trump crypto plans
next post
Thai economy to grow 2.7% this year, beat 2025 forecast, PM says

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (463)
    • Stock (6,426)

    Latest News

    • Netflix says its ad tier now has 94 million monthly active users
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

    Popular News

    • JPMorgan is bullish on European hotel stocks, upgrades 2 names
    • Bitcoin hits new all-time high ahead of expected rate cut

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy