Australia plans huge fines if big tech fails to tackle disinformation

Under the proposed legislation, the owners of platforms like Facebook, Google, Twitter, TikTok and podcasting services would face penalties worth up to 5% of annual global turnover – some of the highest proposed anywhere in the world. — AFP

SYDNEY: Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on June 26 said would bring “mandatory” standards to the little-regulated sector.

Under the proposed legislation, the owners of platforms like Facebook, Google, Twitter, TikTok and podcasting services would face penalties worth up to 5% of annual global turnover – some of the highest proposed anywhere in the world.