Reported 2 days ago
Australia has proposed legislation that could impose fines of up to A$50 million on major tech companies if they hinder competition or prevent consumers from switching services. This initiative aims to empower the competition regulator to oversee compliance and investigate anti-competitive practices. The proposed law draws inspiration from the European Union's Digital Markets Act and seeks to enhance consumer choice in digital services, particularly targeting app marketplaces and ad tech.
Source: YAHOO