Australia to bring anti-scam law targeting internet giants this year, regulator says

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Australia to bring anti-scam law targeting internet giants this year, regulator says - Channel News Asia

Quick Summary:

SYDNEY : Australia plans to introduce a law by the end of the year forcing internet companies to proactively stop hosting scams or face hefty fines, the top consumer regulator said on Friday, potentially setting up another showdown with Big Tech.

He is suing Facebook owner Meta over the advertisements in California after saying he was unable to force Meta to take action domestically.

Cass-Gottlieb said a mandatory code would reduce the need for "backward-looking" and time-consuming court enforcement that involved investigation, preparation and resolution of a lawsuit, plus appeals.