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.
The Australian Communications and Media Authority, a government watchdog, would be granted a range of powers to force companies to prevent misinformation or disinformation from spreading and stop it from being monetised. The rules would echo legislation expected to come into force in the European Union, where tech giants could face fines as high as per cent of annual turnover and outright bans on operating inside the bloc.
Source: Law Daily Report (lawdailyreport.net)
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