Australia doubles the maximum penalty for its social media ban

Australia is doubling the maximum penalty for violations of its social media ban, with fines potentially reaching 99 million AUD, or 68 million USD. The government implemented this increase because platforms are reportedly not doing enough to comply with the regulations. This move significantly raises the financial risk for companies failing to adhere to the ban, reflecting the government's commitment to stricter enforcement against social media platforms that do not meet the necessary requirements.