Australia PM plays down privacy fears of social media ban for children

The laws would impact Meta Platforms' Instagram and Facebook, Bytedance's TikTok and Elon Musk's X and Snapchat. The proposals are the highest age limit set by any country, and would have no exemption for parental consent and no exemption for pre-existing accounts. Platforms face fines of up to $32 million for failing to comply with the legislation.