Australia
(Reuters) – Australian ‘Big-Four’ bank ANZ Group’s shareholders are set to vote on outgoing chief executive Shayne Elliott’s pay this week, while the lender is being investigated for alleged bond-trading misconduct. Australia’s corporate regulator pulled up ANZ in May for the alleged breaches that it said occurred last year. The…
SYDNEY (Reuters) – Australia proposed a law on Monday that could impose fines of up to A$50 million ($33 million) on global technology companies if they suppress competition and prevent consumers from switching between services. The centre-left Labor government has targeted Big Tech’s influence, and parliament passed a law last…
Australia’s government approved a law that would ban social media for kids under 16.The legislation puts the onus on tech companies to keep children off their platforms.But how exactly companies are supposed to comply remains a big question.Australia’s government agreed to a sweeping social media ban this week in an…
By Byron Kaye and Alasdair Pal SYDNEY (Reuters) – Software (ETR:) testers hired by Australia’s government to determine how to enforce the world’s first national teen social media ban have worked on defence and election contracts but will use another experience to guide their study: wrangling their own children online.…
By Byron Kaye and Praveen Menon SYDNEY (Reuters) -Australia on Thursday passed into law a social media ban for children aged under 16 after an emotive debate that gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech. The law…
By Renju Jose SYDNEY (Reuters) -Australia on Wednesday moved closer to banning social media for children under 16 after the parliament’s lower house passed the bill even as Alphabet (NASDAQ:)’s Google and Facebook-owner Meta (NASDAQ:) pressed the government to delay the legislation. Australia’s House of Representatives passed the bill 102…
By Renju Jose SYDNEY (Reuters) – Google (NASDAQ:) and Facebook-owner Meta Platforms (NASDAQ:) urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact. Prime Minister Anthony Albanese’s centre-left…
By Renju Jose SYDNEY (Reuters) – Australia’s centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and proposed fines of up to A$49.5 million ($32 million) for social media platforms for systemic breaches. Australia plans to trial an age-verification system…
Australia plans to ban social media for users under 16, Prime Minister Anthony Albanese said.The ban comes amid a global effort to curb kids’ use of social media.Some say Australia’s ban is too broad, potentially limiting access to mental health services. With young people using social media more than ever,…
