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The Australian government is investigating whether major tech platforms are adhering to local regulations on social media age restrictions. Platforms could face fines up to A$49.5 million ($34 million) for noncompliance, with additional risks of reputational damage for violations. Meta and Snap have affirmed their commitment to complying with the ban, though a Meta spokesperson noted that the government’s age-assurance technology trial identified ‘natural error margins’ around the 16 age cutoff.
Source: Tech-Economic Times