{"id":187125,"date":"2024-12-03T00:50:42","date_gmt":"2024-12-03T00:50:42","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/03\/proposed-australia-law-would-fine-big-tech-over-digital-competition\/"},"modified":"2024-12-03T00:50:42","modified_gmt":"2024-12-03T00:50:42","slug":"proposed-australia-law-would-fine-big-tech-over-digital-competition","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/03\/proposed-australia-law-would-fine-big-tech-over-digital-competition\/","title":{"rendered":"Proposed Australia Law Would Fine Big Tech Over Digital Competition"},"content":{"rendered":"
\"Proposed<\/div>


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Australia\u00a0proposed\u00a0a\u00a0law\u00a0on Monday that could impose\u00a0fines of up to AUD 50 million ($33 million or roughly Rs. 279 crore) on global\u00a0technology companies if they suppress\u00a0competition\u00a0and prevent consumers from switching between services.<\/p>\n

The centre-left Labor government has targeted\u00a0Big\u00a0Tech’s<\/a> influence, and parliament passed a\u00a0law\u00a0last week that banned social media for children aged under 16.<\/p>\n

The\u00a0proposed\u00a0law\u00a0would\u00a0empower\u00a0Australia’s\u00a0competition\u00a0regulator to\u00a0oversee compliance, investigate anti-competitive practices online and\u00a0fine\u00a0companies, Assistant Treasurer Stephen Jones said in excerpts of a speech due later on Monday.<\/p>\n

“The\u00a0digital\u00a0economy challenges our current legal framework,” Jones will in the speech viewed by Reuters at the public policy research McKell Institute in Sydney.<\/p>\n

“The dominant platforms can charge higher costs, reduce choice, and use sneaky tactics to lock consumers into using certain products.\u00a0Innovation outside of the established players becomes almost impossible.”<\/p>\n

Apple<\/a>, Google<\/a>, and Meta<\/a>, which dominate app downloads and ad revenues, did not immediately respond when approached for comment on the\u00a0proposed\u00a0law.<\/p>\n

The consultation process is scheduled to end on February 14 and more discussions will be done to prepare the draft legislation.<\/p>\n

The planned\u00a0law, similar to the European Union’s\u00a0Digital\u00a0Markets Act legislation, could make it easier for people to move among competing services, such as social media platforms, internet browsers and app stores.<\/p>\n

Based on advice from the\u00a0Australian\u00a0Competition\u00a0and Consumer Commission, the government can pick platforms that pose the greatest risk of hurting\u00a0competition.<\/p>\n

“Initially, we will look to prioritise app marketplaces and ad\u00a0tech\u00a0services for service-specific obligations,” Jones will say.<\/p>\n

These specific obligations\u00a0would\u00a0restrict companies from pushing their apps with low user ratings to the top of their search list and prevent providing favourable treatment to their own services, compared with third parties.<\/p>\n

A\u00a0competition\u00a0commission report on\u00a0digital\u00a0platform services in 2022 showed Google controlled 93 percent to 95 percent of online search services in\u00a0Australia, while Apple’s App Store<\/a> accounted for about 60 percent of app downloads and Google Play Store 40 percent.<\/p>\n

Meta Platforms’ Facebook and Instagram together supplied 79 percent of social media services in the country.<\/p>\n

\u00a9 Thomson Reuters 2024<\/em><\/p>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n


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Australia\u00a0proposed\u00a0a\u00a0law\u00a0on Monday that could impose\u00a0fines of up to AUD 50 million ($33 million or roughly Rs. 279 crore) on global\u00a0technology companies if they suppress\u00a0competition\u00a0and prevent consumers from switching between services. The centre-left Labor government has targeted\u00a0Big\u00a0Tech’s influence, and parliament passed a\u00a0law\u00a0last week that banned social media for children aged under 16. The\u00a0proposed\u00a0law\u00a0would\u00a0empower\u00a0Australia’s\u00a0competition\u00a0regulator to\u00a0oversee compliance, investigate […]<\/p>\n","protected":false},"author":2,"featured_media":187126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/social_media_apps_reuters_1725971945223.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[1386,995,3478,247,779,286,9208,3444,2021,17681,30135,146425,11815,133274,2416,231],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/187125"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=187125"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/187125\/revisions"}],"predecessor-version":[{"id":187127,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/187125\/revisions\/187127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/187126"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=187125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=187125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=187125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}