Proposed Australia Law Would Fine Big Tech Over Digital Competition
Australia proposed a law on Monday that could impose fines of up to AUD 50 million ($33 million or roughly Rs. 279 crore) 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 week that banned social media for children aged under 16. The proposed law would empower Australia’s competition regulator to oversee compliance, investigate […]