Australia drafts laws to fine social media firms over fake news

Australia is set to release fines on Sunday to arrest social media companies for failing to remove false and misleading information from their platforms, The Age said.

Under the proposed law, the government could impose a new code on companies that repeatedly fail to prevent false information or ‘rules’ by companies that force digital platforms to remove content. The maximum penalty for a systemic breach of the code will be 2.75 million Australian dollars (1.8 million US dollars) or 2% of global turnover, whichever is greater, according to the report.

“The Government of Albania is committed to keeping Australians safe online, and that includes ensuring that the ACMA has the power to hold digital platforms accountable for misinformation and misinformation about their services,” Information Minister Michelle Rowland said, according to The Age.

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