Australia plans to hit social media companies with $30 million fines if they fail to keep kids off their platforms
Briefly

Social media companies face fines over $30 million if they fail to keep children under 16 off platforms like TikTok, Instagram, and Facebook in Australia.
Minister Michelle Rowland emphasized that the legislation shifts responsibility for child safety on social media from parents and children to the platforms themselves.
The proposed laws aim to be among the world's strictest in regards to children's use of social media, reflecting Australia’s leadership in online safety efforts.
While the legislation has a one-year grace period for compliance, analysts question the technical feasibility of strictly enforcing an age verification system.
Read at Fortune Asia
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