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Australia’s social media ban for kids under 16 just became law. How it will work remains a mystery
(theconversation.com)
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No, this bill specifically only makes it possible to penalise the platforms. Parents or children cannot be penalised. The precise wording in the bill is:
There are also penalties that can apply to individuals, but only if:
or
(To the penalty of "Civil penalty: 500 penalty units".)