Australia plans huge fines for big tech

By Agence France-Presse

Jun 27, 2023 12:16 am

SYDNEY: Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring 'mandatory' standards to the little-regulated sector.

Under the proposed legislation, the owners of platforms like Facebook, Google, Twitter, TikTok, and podcasting services would face penalties worth up to 5 percent of annual global turnover ― some of the highest proposed anywhere in the world.

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