The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to $33 million for failures to prevent kids from holding accounts.

The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts.