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Australia Withdraws Controversial Bill to Fine Tech Giants for Misinformation

Published November 25, 2024
2 months ago

In a surprising turn of events, the Australian government has officially rescinded plans to impose hefty fines on tech companies that fail to control the spread of misinformation. The announcement came from Communications Minister Michelle Rowland in Melbourne, who cited insurmountable opposition in the Senate as the primary reason for withdrawing the proposed legislation.





Initially, the bill proposed remarkable penalties for tech giants, potentially siphoning off up to five percent of their yearly turnover for not adhering to new online safety obligations. Minister Rowland's decision follows extensive consultations and public backlash, including stark criticism from influential tech figures like Elon Musk. In a statement made in September, Musk lambasted the bill, equating the Australian government's actions with fascism.


This legislative withdrawal marks a significant shift in Australia's approach to digital regulation. The country has been recognized as a leader in setting stringent rules for tech companies. Despite this setback in controlling misinformation, the Australian government is proceeding with other stringent measures aimed at protecting online users, especially minors. A notable step is the imminent implementation of laws that prohibit social media access to children under 16, with penalties exceeding US$30 million for platforms that fail to enforce these laws.


The discarded misinformation bill and ongoing regulatory measures reflect the delicate balance governments worldwide are trying to maintain between curbing misinformation and protecting freedom of speech and enterprise. While this particular legislative attempt did not succeed, Australia's active stance on tech regulation emphasizes its commitment to creating a safer online environment, albeit attentively towing the lines of democratic freedoms.


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