Major tech companies will be held accountable in Labor’s social media ban

Australia has become the first nation in the world to ban children under 16 from accessing social media platforms such as Instagram, Facebook, Snapchat and TikTok. Penalties of up to $50 million will be applied if major tech platforms breach the new laws. However, parents will not be subjected to penalties if a breach occurs. The legislation will return to the lower house this morning for final approvals and if successful, the laws will be enacted in 2026.