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> The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts

Unless the fines accumulate, it seems the law is rather toothless? US $33M is a parking ticket for companies at this scale.

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I think you’re right about the relative scale of the fine, but theres a part of me that believes the companies will try to comply with the law, similar to how pornhub is blocked in many US states. They could easily ignore the regulation but choose not to because thats ultimately what Australians want. Companies of this scale by and large try to follow the law, especially when the affected cohort is relatively small.

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