Tuesday, January 6, 2026

Latest

Australia Becomes the First Country to Ban Social Media for Under-16s

Australia has passed the world’s toughest social media restrictions, requiring platforms to prevent children under 16 from accessing their services or face multi-million dollar penalties.

The Social Media Minimum Age bill, approved by the Senate on Thursday, requires social media platforms to take “reasonable steps” to verify users’ age or risk fines of up to A$50 million ($32 million). The legislation, described as a “pivotal moment” by Liberal Sen. Maria Kovacic, is expected to affect major platforms including TikTok, Snapchat, Facebook, Instagram, Reddit and X.

Prime Minister Anthony Albanese defended the legislation on Friday, saying it sends a message that “we’ve got your back” to parents. He previously warned parliament about social media’s role in bullying, peer pressure, and online predation.

The bill faced fierce criticism over its rushed timeline, moving from introduction to approval within a week. A Senate committee inquiry received over 100 submissions during a 24-hour window, ultimately recommending passage with modifications, including prohibiting the use of government documents for age verification.

Greens Sen. Sarah Hanson-Young opposed the legislation, warning it could push young people into “further isolation” while allowing platforms to continue operating with “no social responsibility.” 

Tech giants have questioned the rapid implementation. Meta (Nasdaq: META) and TikTok said they support safer social media for young users but criticized the law’s hasty passage. Snap Inc. (NYSE: SNAP) advocated for “device-level age verification to simplify the process,” while X said its platform is not widely used by minors.

Some experts warned the restrictions could expose children who evade the ban to unrestricted content and deter them from reporting problems to adults. Suicide Prevention Australia argues that the ban “fails to consider positive aspects of social media in supporting young people’s mental health and sense of connection.”

Suicide Prevention Australia has urged politicians to reconsider the U16s social media ban 📲"While we acknowledge challenges with online platforms, this bill fails to consider positive aspects of social media in supporting young people's mental health and sense of connection"

6 News Australia (@6newsau.bsky.social) 2024-11-28T03:25:25.501Z

Despite concerns, a recent YouGov poll showed 77% of Australians favor the under-16 ban, based on a survey of 1,515 people with a 3.2% margin of error.

The government will conduct broad consultations before setting an implementation date when existing underage accounts will be deactivated. While parents and children won’t face penalties for violations, companies must demonstrate reasonable measures to enforce age restrictions.

Parent advocacy group Heads Up Alliance called for expanding the restrictions to include platforms like Discord and YouTube Shorts.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Why Industrial Demand Is Changing the Silver Market | David Morgan

Gold and Silver Delivery Is Exposing the Paper Market | Andy Schectman

Recommended

First Phosphate Receives US$530,000 Pre-Payment Under Offtake Agreement

Nord Precious Metals Acquires Gowganda Silver Tailings Project, Securing Feedstock For Silver Processing Strategy

Related News

Australia Passes Unrealised Gains Tax, But Politicians Stay Exempt

Australia will impose a 15% tax on unrealised gains in superannuation accounts above a $3...

Wednesday, May 21, 2025, 12:07:00 PM

Australia Introduces Gas Reservation Requirements, Opening Door for Canadian LNG Competition

Australia will require liquefied natural gas exporters to reserve up to 25% of east coast...

Tuesday, December 23, 2025, 02:50:00 PM

Australia’s Government Proposes Hiking Wages to Fight Inflation

In wake of surging consumer inflation and energy prices, Australia’s government is proposing to raise...

Friday, June 3, 2022, 03:57:00 PM

Australia Lifts 22-Year Ban on Canadian Beef

For the first time in more than two decades, Canadian beef producers can export to...

Wednesday, July 30, 2025, 02:53:00 PM

Queensland’s New ‘Unworkable’ Land Tax May Not Be Such A Bad Thing For Renters

Being a landlord in Queensland could soon be more trouble than it’s worth, thanks to...

Wednesday, September 14, 2022, 02:17:00 PM