In This Article:
The Prime Minister of Australia said the country “delivered on its commitment to support parents and protect young people by setting a minimum age of 16 years for social media, with legislation passing Parliament today.” The Online Safety Amendment Bill 2024 places the onus on social media platforms – not young people or their parents – to take reasonable steps to prevent Australians under 16 years of age from having accounts, and ensures systemic breaches will see platforms face fines of up to $49.5M, Anthony Albanese said in a statement. The minimum age will apply to age-restricted social media platforms as defined in the Bill, which includes Snapchat (SNAP), TikTok, Facebook (META), Instagram, X and others.
Don't Miss our Black Friday Offers:
-
Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
-
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on META: