Australia is set to impose fines of up to 5% of global revenue on social media platforms that fail to tackle misinformation. The new legislation aims to address false content affecting election integrity and public health, while excluding professional news and artistic content. Communications Minister Rowland emphasized the urgency of action, stating that inaction is not an option.
Australia intends to impose fines on social media platforms amounting to up to 5% of their global revenue if they fail to control misinformation.
The proposed legislation addresses misleading content that threatens election integrity, public health, and safety, but exempts professional news and artistic expressions.
Communications Minister Rowland stated:
"Doing nothing and allowing this problem to fester is not an option."
Source: RNZ / Reuters
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