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.
