The maximum penalty for breaching new rules on underage usage could reach 99 million Australian dollars.
The Australian government has significantly increased the penalties for social media platforms that fail to comply with the country's recent legislation restricting access by minors. The measure raises the maximum fine applicable to tech companies that do not adapt their services to the new law.
According to the information released, the maximum financial penalty has been doubled. With the adjustment, the fine can reach 99 million Australian dollars, which is approximately 68 million U.S. dollars.
Australian law establishes strict guidelines for social media access, requiring companies to implement effective age verification mechanisms to prevent children and teenagers from using their platforms. The tougher penalties aim to ensure corporate compliance with the new legal requirement.
The application of fines of this magnitude demonstrates the country's firmer regulatory stance toward the tech sector. Platforms operating in Australian territory now face substantial financial risk if they fail to block access by users below the minimum age required by the new legislation.
The maximum financial penalty has been doubled and can reach 99 million Australian dollars, which is approximately 68 million U.S. dollars.
Social media platforms are required to implement effective age verification mechanisms to prevent children and teenagers from accessing their services.
The tougher penalties aim to ensure corporate compliance with the new legal age requirements and demonstrate a firmer regulatory stance toward the tech sector.